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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 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.

September 2002

Trends in Minnesota government spending

Between 1987 and 1997 (the period of time examined by this report), Minnesota trailed the national average in terms of growth in government spending. However, state and local government investments in public services and infrastructure contributed positively to Minnesota’s economic health and quality of life. 

January 2002

Wasted opportunities: How we used our surpluses 1997-2001

Between 1997 and 2001, Minnesota policymakers had the opportunity to allocate budget surpluses of over $13 billion. This joint analysis with the Children's Defense Fund-Minnesota finds that over half of those surpluses went to temporary tax rebates and permanent tax cuts. Budget-balancing decisions should be informed by how surpluses were used in the past and how certain programs were underfunded even in times of plenty.

Budget Outlook and Trends Blog Posts

July 12, 2019

Minnesota's July Economic Update shows higher revenues, economic growth for now

The recently released July Revenue and Economic Update gave us somewhat good news about the state’s economic and budget landscape.

July 02, 2019

Raiding the state's budget reserve today could hurt everyday Minnesotans tomorrow

It’s imperative to build a strong budget reserve when the state’s economic outlook is good, and Minnesota has made laudable progress. But that budget reserve will only work if we keep it strong and only use it when it's needed.

April 17, 2019

Minnesota’s April Economic Update shows small improvements

The recently released April Revenue and Economic Update gave us good news about the state’s economic and budget la...

February 28, 2019

Minnesota’s February budget forecast reinforces the need for resources to fund the investments Minnesotans count on

Policymakers’ primary task in the upcoming legislative session will be to set a budget for the FY 2020-21 biennium, and ...