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Minnesota Budget Outlook and Trends

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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.

Budget Outlook and Trends Blog Posts

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.

July 14, 2022

State revenues are strong, but national economy is weakening

The state of Minnesota’s revenue picture for FY 2022 remains solid, but the national economic recovery is expected to be...

April 15, 2022

Minnesota April Economic Update includes first estimates of impact of Russia invasion of Ukraine

The state of Minnesota’s revenue picture to date is still solid, but the national economic recovery is now expected to...

March 01, 2022

New budget forecast continues to show resources available to build an equitable recovery

The State of Minnesota is expected to see unprecedented levels of resources, including a strong boost in the short-term ...