Minnesota Budget Outlook and Trends

The state's budget is influenced by economic conditions, and in return, state budget and policy decisions should be informed by how Minnesotans are being effected by the economy. We provide analysis of the state's economic and budget forecasts as well as research on long-term budget trends.

Research

January 2011

Minnesota faces slow recovery and a big deficit: A look at the November 2010 Forecast

The state’s latest economic forecast projects a deficit of $6.2 billion for the upcoming FY 2012-13 biennium, or 16 percent of the general fund budget. The prolonged economic slowdown and heavy reliance on short-term budget solutions have both contributed to the state's current budget troubles. The forecast continues to project slow economic growth for the state.

March 2010

February 2010 Economic Forecast: Slightly better now, slightly worse later

Minnesota’s short-term budget problems have eased slightly, according to the state’s February economic forecast. Last...

January 2010

November 2009 Forecast: Continued economic woes bring more big deficits

A drop in expected revenue has created a $1.2 billion budget deficit in Minnesota’s current two-year budget cycle, FY...

December 2008

The lost decade: Taking a closer look at Minnesota's public investments in the 2000s

The Lost Decade looks closely at funding trends in four state budget areas that significantly impact the well-being of Minnesotans: early education and K-12 education, higher education, child care assistance, and affordable housing and homelessness prevention. As a result of funding cuts in these areas, many Minnesotans had fewer opportunities to succeed in school, in the workplace, or in providing a decent standard of living for their families.

1 2 3 4 5 6

Budget Outlook and Trends Blog Posts

February 27, 2023

State's February budget forecast confirms opportunity to make transformational investments

The State of Minnesota is projected to have budget surpluses over the next four years, according to the February 2023...

February 13, 2023

January economic update affirms state has resources to invest in everyday Minnesotans

The state of Minnesota’s revenue picture continues to improve, and the national economic recovery is expected to be a li...

December 15, 2022

Another historic surplus yields opportunity for transformational investments

The State of Minnesota is projected to have dramatically more resources than previously expected, according to the November 2022 Budget and Economic Forecast released last week. These resources present an historic opportunity to make transformational changes to build a more equitable recovery in which all Minnesotans are healthy, safe, and economically secure.

October 26, 2022

What are the state budget implications of a potential national recession?

While the state of Minnesota’s revenues have continued to come in better than expected, more serious economic challenges are expected ahead, including a recession starting this fall.

More Outlook and Trends Blogs