Minnesota’s budget and economic forecast shows current surplus with a looming deficit
ST. PAUL, Minn. (KVRR/KFGO) — Minnesota’s budget and economic outlook remains stable in the current biennium. State officials are predicting a surplus of nearly $2.5 billion in the current biennium, but a $2.96 billion deficit for the 2028-29 budget. The Minnesota Management and Budget Office says a better-than-expected fiscal year close and higher near-term revenue collections, partially offset by increased…
