Minnesota’s Projected Budget Surplus Increases $181 Million in New Forecast

Minnesota Management and Budget’s annual February economic forecast projected a budget surplus of $1.513 billion for the 2020-21 budget cycle.

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Despite Budget Surpluses, Tax Increases Still Debated in Minnesota as May 20 Deadline Looms

by Bethany Blankey   Joint conference committees continue to hash out differences with the hope of reaching the May 20 deadline and closing a $2 billion gap between conflicting budget priorities. Still up for discussion in the Minnesota legislature are proposed fees on drug distributors and manufacturers to pay for…

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Walz Won’t Rule Out Gas-Tax Increase Despite $1.5 Billion Budget Surplus

Minnesota Management and Budget released its Budget and Economic Forecast report Thursday, estimating that the state will have a $1.5 billion surplus for the 2020-21 biennium. According to the report, an additional $491 million will be added to the state’s budget reserve, or “rainy-day” fund, which now totals $2.075 billion—a…

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