budget surplus

Minnesota Projected to Have Over $1.5 Billion Budget Surplus

ST. PAUL, Minn. (FOX 9)–Minnesota budget officials are predicting a $1.513 billion budget surplus over the next two years. Minnesota Management and Budget released its 2020 February Budget and Economic Forecast on Thursday, saying the state’s budget and economic outlook remains stable. The projected $1.513 budget surplus for the 2020-21 biennium is $181 million larger than the estimate officials released…

State of Minnesota Projects $1.3 Billion Budget Surplus for 2020-21

The money will be allocated to the budget reserve account.

ST. PAUL, Minn. (FOX 9) – The state of Minnesota projects a $1.3 billion budget surplus in the fiscal year 2020-21. The Minnesota Management and Budget office released the forecast Thursday morning showing an economic outlook that “has improved since the end of the 2019 legislative special session.” The forecast showed an improved revenue forecast for the state and a small decrease…