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State Budget Forecast Shows Increased Surplus
On February 29, 2024 by Jeff Bostic
Earlier today, the Minnesota Department of Management and Budget (MMB) released the February budget forecast today, revealing an improved budget outlook compared to the previous forecast in November.
What to do with a $1.5 Billion Surplus?
On February 29, 2020 by Jeff Bostic
Minnesota’s latest budget forecast shows a slight increase in the projected budget surplus - $1.513 billion, up $181 million since November. What does this mean for this legislative session and aging services providers?
State Budget Forecast Shows Growth in Surplus
On December 10, 2019 by Jeff Bostic
The annual November budget forecast released last week shows a projected growth in the state’s budget surplus for the current biennium, which ends on June 30, 2021, to more than $1.3 billion. That’s an increase of more than $1 billion from the end of the legislative session, when the Legislature adjourned with a relatively small projected surplus.
State Budget Surplus Grows, Economic Growth Predicted to Slow
On December 12, 2018 by Kari Thurlow
Minnesota’s latest budget forecast was released last week, showing a $1.544 billion surplus for the next biennium but also predicting a slowdown in economic growth. Positive reaction to the state budget surplus at the State Capitol was accompanied with a note of caution.