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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

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

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 ...