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Minnesota Budget Bites

Minnesota Budget Outlook and Trends

01/14/22
  • Minnesota Budget
  • Minnesota Budget Outlook and Trends

Newest state revenue update affirms substantial resources are available to build an equitable recovery

The state of Minnesota’s revenue picture continues to improve, but the national economic recovery is expected to be a li...
12/07/21
  • Minnesota Budget Outlook and Trends
  • Blogs
  • Minnesota Budget

Historic state budget forecast presents historic opportunity

Workers in coffee shop sm
The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
11/29/21
  • Minnesota Budget Outlook and Trends
  • Minnesota Taxes and Tax Plans
  • Minnesota Budget

Potential state surplus could trigger reserve and tax changes

A surplus in the November forecast could trigger two actions: a change in the budget reserve, and a change in when retailers and vendors submit sales tax payments to the state.
10/26/21
  • Minnesota Budget Outlook and Trends
  • Minnesota Budget

Latest data point to opportunity – and need – to build a stronger recovery

Even as the state's revenues came in higher, the national economic outlook has weakened due to the spread of the delta variant of COVID-19 and supply chain disruptions. Read our take-aways and how policymakers should respond.

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Our blog is where we analyze the latest happenings at the Capitol, feature insights into new policy research, and highlight ways you can take action. 

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