Minnesota Budget Bites

The state of Minnesota’s revenue picture continues to improve, and the national economic recovery is expected to be a li...

The State of Minnesota is projected to have dramatically more resources than previously expected, according to the November 2022 Budget and Economic Forecast released last week. These resources present an historic opportunity to make transformational changes to build a more equitable recovery in which all Minnesotans are healthy, safe, and economically secure.

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.

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