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
Author: Haleigh Sinclair
Research Analyst,
Minnesota Budget Project
State’s October economic update shows higher revenue collections, stronger near-term economic growth
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
July economic update shows little change in Minnesota revenues, national economic projections
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.
Direct File could save Minnesotans time and money when filing income 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
Latest economic report shows Minnesota revenues coming in above forecast
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
Joint state budget targets set for 2024 Legislative Session
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
Governor Walz’s supplemental budget proposal lays out his priorities
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
Minnesota February Budget Forecast shows improvement
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
Proposed federal Child Tax Credit expansion would boost the incomes of millions of families
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