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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 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

January 27, 2020

January economic outlook is brighter

January's Economic Update brought us good short-term news: revenues are up, and the economy is growing at a good pace for now. However, with slower economic growth and potential for a recession on the horizon, policymakers should prioritize a strong budget reserve to be able to meet Minnesotans' needs in future tough times.

December 05, 2019

Minnesota’s November budget forecast offers some near-term good news, while pointing to the need for sustained revenues for investments

Minnesota’s budget reserve is strengthened and the state’s budget outlook gives us short-term good news, according to ...

November 07, 2019

Minnesota's budget reserve is strong, let's keep it strong

Every year, Minnesota Management and Budget gives Minnesotans an estimate of what the state needs in its "rainy day" fu...

October 22, 2019

Minnesota's October Economic Update shows good news for revenues, but the future's not all roses

The recently released October Revenue and Economic Update gave us some improved news about the state’s economic and...