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State’s November budget forecast highlights challenges ahead
December 20, 2024 • Carly Eckstrom
Minnesota Budget, Minnesota Budget Outlook
Policymakers, advocates, and the public recently got a first look at what opportunities and challenges Minnesota may be facing when… Continue reading State’s November budget forecast highlights challenges ahead
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Undocumented immigrants contribute $222 million in Minnesota taxes
October 22, 2024 • Haleigh Sinclair
Federal Taxes, Immigration, Minnesota Taxes, Tax Credits for Minnesotans and Families
From Albert Lea to Zumbrota, our state thrives because all Minnesotans — regardless of immigration status — are contributing to… Continue reading Undocumented immigrants contribute $222 million in Minnesota taxes
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State’s October economic update shows higher revenue collections, stronger near-term economic growth
October 21, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Budget Outlook
The latest state economic update contains several pieces of good news. Recent state revenues are stronger than anticipated and Minnesota… Continue reading State’s October economic update shows higher revenue collections, stronger near-term economic growth
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July economic update shows little change in Minnesota revenues, national economic projections
July 18, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Budget Outlook
Minnesota ended the fiscal year with revenues a bit above prior projections. The national economic picture remains consistent with previous forecasts, according to the July Revenue and Economic Update from Minnesota Management and Budget. Here are our top takeaways.
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In 2024 session, policymakers progress toward improving health care and child care
May 29, 2024 • Jessie Luévano
Child Care, Health Care, Minnesota Budget
While 2024 was not a budget-setting year for the state, policymakers made use of the limited resources they had to build on last year’s transformational investments and took steps to set the state up for a brighter future. This blog takes a look at the policy and budget decisions made this year to make affordable health care and child care available to more Minnesotans.
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2024 Legislature passes improvements in Child Tax Credit, tax-filing process
May 28, 2024 • Nan Madden
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The Minnesota Legislature passed some investments in Minnesota families’ economic well-being and improving their tax-filing experience in this year’s final… Continue reading 2024 Legislature passes improvements in Child Tax Credit, tax-filing process
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Study: How much do profitable US companies pay in federal corporate taxes?
May 23, 2024 • Kelven Kai Manuel
Federal Issues, Federal Taxes
In 2017, federal policymakers passed the Tax Cuts and Jobs Act (TCJA), which included provisions that reduced the federal corporate… Continue reading Study: How much do profitable US companies pay in federal corporate taxes?
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Decisions in session’s final days should strengthen health care and child care for Minnesotans
May 14, 2024 • Jessie Luévano
Child Care, Health Care, Minnesota Budget
In 2023, policymakers made transformational budget investments for the well-being of Minnesotans and their families. While 2024 is not a budget-setting year for the state, there are policy decisions at play in the final days of the legislative session that could set the stage for further progress next year.
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Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
May 13, 2024 • Nan Madden
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota policymakers could be less than two weeks away from enacting into law innovations and improvements in the Child Tax… Continue reading Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
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Direct File could save Minnesotans time and money when filing income taxes
May 3, 2024 • Haleigh Sinclair
Federal Issues, Federal Taxes, Minnesota Taxes
Direct File would provide Minnesotans another option for filing their income taxes that would be easier and could save time… Continue reading Direct File could save Minnesotans time and money when filing income taxes
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Powerful stories show child care is unaffordable for many; Great Start Scholarships are a solution
April 17, 2024 • Jessie Luévano
Child Care, Minnesota Budget
This legislative session, families, lawmakers, advocates, and more have drawn attention to child care affordability as an urgent problem that requires solutions.
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Latest economic report shows Minnesota revenues coming in above forecast
April 16, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Budget Outlook
Minnesota’s revenues are up, and the near-term national economic outlook is slightly improved compared to the February forecast, according to… Continue reading Latest economic report shows Minnesota revenues coming in above forecast
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Joint state budget targets set for 2024 Legislative Session
April 3, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Taxes
Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets… Continue reading Joint state budget targets set for 2024 Legislative Session
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Minnesota Child Tax Credit strengthens families and reduces child poverty
March 26, 2024 • Kelven Kai Manuel
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s new Child Tax Credit (CTC) will help families achieve their goals and invest in a better future for themselves… Continue reading Minnesota Child Tax Credit strengthens families and reduces child poverty
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Governor Walz’s supplemental budget proposal lays out his priorities
March 26, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Taxes
Last week, Governor Tim Walz released his governor’s supplemental budget proposal. The administration described the priorities for his budget as… Continue reading Governor Walz’s supplemental budget proposal lays out his priorities
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Minnesota February Budget Forecast shows improvement
March 8, 2024 • Haleigh Sinclair
Minnesota Budget, Minnesota Budget Outlook
Minnesota’s state budget picture improved in the February Budget and Economic Forecast released last week by Minnesota Management and Budget. That… Continue reading Minnesota February Budget Forecast shows improvement
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Proposed federal Child Tax Credit expansion would boost the incomes of millions of families
January 25, 2024 • Haleigh Sinclair
Federal Taxes
Key decision-makers in the U.S. Congress have crafted a tax deal that includes a three-year expansion of the federal Child… Continue reading Proposed federal Child Tax Credit expansion would boost the incomes of millions of families
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Minnesota’s November Budget Forecast is a mixed bag
December 18, 2023 • Jessie Luévano
Minnesota Budget, Minnesota Budget Outlook
Earlier this month, Minnesota Management and Budget released the state’s November Budget and Economic Forecast. This forecast is one of… Continue reading Minnesota’s November Budget Forecast is a mixed bag
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Recent information points to stronger state budget picture
November 27, 2023 • Jessie Luévano
Minnesota Budget, Minnesota Budget Outlook
As Minnesota policy-watchers get ready for the next legislative session, recent budget reports suggest that Minnesota will likely project a… Continue reading Recent information points to stronger state budget picture
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Minnesota Budget Project is hiring an engagement and content manager
November 13, 2023 • Laura Mortenson
Uncategorized
The Minnesota Budget Project’s engagement and content manager plays an essential role in bringing to life through words and graphics how… Continue reading Minnesota Budget Project is hiring an engagement and content manager
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Medicaid renewal deadline for first group extended to August 1
July 20, 2023 • Jessie Luévano
Health Care
In March 2023 a policy implemented at the start of the COVID19 public health emergency, which kept Minnesotans’ health coverage… Continue reading Medicaid renewal deadline for first group extended to August 1
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July economic update shows state revenues on track, mixed national economic picture
July 18, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
The State of Minnesota ended the most recent fiscal year on a positive revenue note. Looking ahead, the national economic… Continue reading July economic update shows state revenues on track, mixed national economic picture
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Minnesota Budget Project is hiring a Research Analyst
June 27, 2023 • Laura Mortenson
Uncategorized
We’re excited to share a full-time employment opportunity for someone to put their number-crunching chops and analytic skills toward advancing… Continue reading Minnesota Budget Project is hiring a Research Analyst
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2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
May 12, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
This year, policymakers are considering transformational changes and long-overdue investments to make Minnesota a state where all can thrive. That… Continue reading 2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
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House-Senate conference committee considering investments to expand affordable health care
May 11, 2023 • Jessie Luévano
Health Care, Minnesota Budget
With a historic state budget surplus of $17.5 billion for FY 2024-25 and a $5.4 billion structural balance for FY 2026-27,… Continue reading House-Senate conference committee considering investments to expand affordable health care
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Cooperation paves the way for important investments in affordable child care
May 11, 2023 • Jessie Luévano
Child Care, Minnesota Budget
With a historic surplus of $17.5 billion for FY 2024-25 and $5.4 billion structural balance for FY 2026-27, Minnesota policymakers… Continue reading Cooperation paves the way for important investments in affordable child care
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Minnesota should continue targeted approach to Social Security income tax exemption
April 17, 2023 • Nan Madden
Minnesota Taxes
In the debate about whether Minnesota should change its tax treatment of Social Security benefits, we’ve sought to draw attention… Continue reading Minnesota should continue targeted approach to Social Security income tax exemption
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Latest economic report shows state revenues on track with projected large surpluses
April 12, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
Both the state of Minnesota’s revenues and the national economic forecast are slightly improved compared to the February forecast, according… Continue reading Latest economic report shows state revenues on track with projected large surpluses
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House Property Tax Division bill includes transformational changes to the Renters’ Credit
March 29, 2023 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
One of the highlights of last year’s tax discussion is moving forward again this session: a game-changing proposal to simplify… Continue reading House Property Tax Division bill includes transformational changes to the Renters’ Credit
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Early agreement on state budget targets outline use of the surplus
March 23, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes
On Tuesday, the Minnesota House and Senate leadership and Governor Tim Walz released joint budget targets that lay out their agreed-upon… Continue reading Early agreement on state budget targets outline use of the surplus
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State’s February budget forecast confirms opportunity to make transformational investments
February 27, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
The State of Minnesota is projected to have budget surpluses over the next four years, according to the February 2023… Continue reading State’s February budget forecast confirms opportunity to make transformational investments
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Driver’s licenses for all would strengthen Minnesota
February 21, 2023 • Clark Goldenrod
Immigration, Income and Inclusive Economy
Minnesota policymakers have an important opportunity in 2023 to expand access to driver’s licenses regardless of immigration status. This policy… Continue reading Driver’s licenses for all would strengthen Minnesota
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January economic update affirms state has resources to invest in everyday Minnesotans
February 14, 2023 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
The state of Minnesota’s revenue picture continues to improve, and the national economic recovery is expected to be a little… Continue reading January economic update affirms state has resources to invest in everyday Minnesotans
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Governor Walz releases FY 2024-25 budget priorities
February 1, 2023 • Clark Goldenrod
Child Care, Health Care, Immigration, Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
The Walz administration’s recently released budget proposal names as their priorities making Minnesota the best state for children, investing in… Continue reading Governor Walz releases FY 2024-25 budget priorities
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Child poverty declines sharply thanks to federal Child Tax Credit expansion
January 25, 2023 • Jessie Luévano
Federal Issues, Federal Taxes, Minnesota Taxes, Tax Credits for Minnesotans and Families
The improvements that policymakers made to the federal Child Tax Credit (CTC) was one of the contributing factors to a… Continue reading Child poverty declines sharply thanks to federal Child Tax Credit expansion
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Another historic surplus yields opportunity for transformational investments
December 15, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
The State of Minnesota is projected to have dramatically more resources than previously expected, according to the November 2022 Budget… Continue reading Another historic surplus yields opportunity for transformational investments
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Minnesota college students increasingly facing basic economic, mental health challenges
November 9, 2022 • Minnesota Budget Project
Income and Inclusive Economy, Income and Work
No student should have to go hungry or worry about having stable housing. But Minnesota’s college students are increasingly finding… Continue reading Minnesota college students increasingly facing basic economic, mental health challenges
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Today’s high inflation highlights longer-term trend of wages not keeping up with cost of living
October 31, 2022 • Clark Goldenrod
Income and Inclusive Economy, Income and Work
While corporations are experiencing the largest profit margins in 70 years, this isn’t being reflected in what Minnesota workers are… Continue reading Today’s high inflation highlights longer-term trend of wages not keeping up with cost of living
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What are the state budget implications of a potential national recession?
October 26, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
While the state of Minnesota’s revenues have continued to come in better than expected, more serious economic challenges are expected… Continue reading What are the state budget implications of a potential national recession?
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Inflation Reduction Act advances economic relief, tax equity, and climate response
October 25, 2022 • Joo Ning Lim
Federal Budget, Federal Issues, Federal Taxes, Health Care
The Inflation Reduction Act (IRA) marks the latest federal effort to help families make ends meet while delivering transformative investments… Continue reading Inflation Reduction Act advances economic relief, tax equity, and climate response
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Roe reversal strips basic decision-making, economic security from millions of people
July 28, 2022 • Clark Goldenrod
Income and Inclusive Economy, Income and Work
Currently abortions are legal and protected in Minnesota under the state’s constitution. But many people across the country, including in our neighboring states, cannot access their full reproductive and health care rights or may have to travel and undergo significant costs and strains to do so.
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Open position: policy analyst will shape policies that advance economic and racial justice
July 26, 2022 • Laura Mortenson
Uncategorized
The Minnesota Budget Project is hiring a policy analyst who will shape state policies that advance economic and racial justice.
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State revenues are strong, but national economy is weakening
July 14, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook
The state of Minnesota’s revenue picture for FY 2022 remains solid, but the national economic recovery is expected to be… Continue reading State revenues are strong, but national economy is weakening
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Mental health bill takes important steps forward in addressing state’s crisis
June 7, 2022 • Becca O'Donnell
Health Care, Minnesota Budget
Minnesota legislators took important steps toward shoring up our state’s mental health system by allocating $93 million over three years aimed at increasing the number of providers, supporting mental health crisis services, and reducing racial disparities in mental health services.
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A closer look at the 2022 tax agreement
June 2, 2022 • Nan Madden
Minnesota Taxes, Tax Credits for Minnesotans and Families
Minnesota’s 2022 Legislative Session ended on May 23 with much unfinished business, including a tax agreement reached by the House and Senate conference committee that was not enacted into law. This agreement reflected the two different philosophies that the Republican majority in the Minnesota Senate and the Democratic majority in the Minnesota House brought into those negotiations.
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What passed, what’s unfinished business after end of 2022 Legislative Session
May 27, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
On Monday, the 2022 Legislative Session officially ended, but what did policymakers actually pass into law? With a historic projected… Continue reading What passed, what’s unfinished business after end of 2022 Legislative Session
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Lack of public investment shifts costs of college education to students and families
May 23, 2022 • Joo Ning Lim
Federal Budget, Federal Issues, Minnesota Budget
Higher education is a steppingstone for many Minnesotans to further their career goals, gain advanced qualifications in their field of… Continue reading Lack of public investment shifts costs of college education to students and families
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A quick look at the global budget agreement
May 19, 2022 • Clark Goldenrod
Minnesota Budget, Minnesota Taxes, Tax Credits for Minnesotans and Families
Governor Tim Walz and legislative leaders announced targets on Wednesday for how they propose to allocate the remainder of the… Continue reading A quick look at the global budget agreement
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Minnesota Legislature passes bill on Unemployment Insurance Trust Fund, frontline worker payments
May 19, 2022 • Joo Ning Lim
Federal Budget, Federal Issues, Income and Inclusive Economy, Income and Work, Minnesota Budget, Minnesota Taxes
After months of negotiation, the Minnesota Legislature recently passed legislation that addressed three major issues of this session: Senate File… Continue reading Minnesota Legislature passes bill on Unemployment Insurance Trust Fund, frontline worker payments
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House education proposals increase supports for students; Senate offers minimal changes
May 16, 2022 • Clark Goldenrod
Minnesota Budget
The Minnesota House and Senate present differing approaches to support students in their supplemental budget proposals. The House’s budget proposes… Continue reading House education proposals increase supports for students; Senate offers minimal changes