Minnesota Management and Budget Office

Walz Budget 120623
Local News, Minnesota News, Politics / Elections

Minnesota budget surplus grows slightly to $2.4B. But officials warn of potential trouble ahead

KVRR Staff,

ST. PAUL (AP) — Minnesota’s budget picture remains stable in the near term, with a slightly higher than expected surplus heading into the 2024 legislative session. But there are clouds on the horizon, officials announced Wednesday. An updated forecast from Minnesota Management and Budget projects a surplus of $2.4 billion in the two-year budget period that runs through June of 2025. That is up $808 million…
Minnesota News

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

The money will be allocated to the budget reserve account.
KVRR Staff,

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…