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7 gru 2023 · The difference between ‘deficit’ and ‘structural imbalance’ in Minnesota’s budget picture and why it matters. by Peter Callaghan 12/07/2023. Gov. Tim Walz used the release of the forecast to...
7 gru 2023 · PAUL, Minn. — Minnesota is projected to have a budget surplus of $2.4 billion this biennium, state officials said Wednesday. But there are warning signs in future years that could lead to a...
24 maj 2023 · The DFL has used nearly all the surplus to grow Minnesota’s already big budget to an unprecedented size. In the February 2023 budget forecast, the Minnesota Management and Budget (( MMB ) estimated Minnesota’s budget baseline for the 2024-2025 biennium at $55.5 billion (including inflation).
21 gru 2021 · But according to Minnesota Management and Budget Commissioner Jim Schowalter, the surplus started off even bigger — that some of that amount was automatically spent via a set of triggers set...
2 gru 2020 · “Due to improved economic conditions, the projected deficit anticipated last May has been eliminated and we now project a $641 million surplus for the current fiscal period.”
6 gru 2023 · 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 from the estimate at the end of the legislative session in May. The bigger surplus still accounts for just a fraction of the $72 billion budget.
5 sty 2024 · Indeed, Minnesota has not faced a serious budget deficit since 2011 (although the pandemic did create substantial budget uncertainty). Forecasts over the past several years have been very strong. The $17.5 billion surplus in 2023 powered the ambitious legislative agenda passed by the DFL trifecta.
