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
Tag: budget reserve
Historic state budget forecast presents historic opportunity
The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
Potential state surplus could trigger reserve and tax changes
As leaves change, and the days get colder and shorter, we’re getting ready for our favorite forecast – the state’s… Continue reading Potential state surplus could trigger reserve and tax changes
Walz’s supplemental budget calls for resources for greater investments
We have called on policymakers to take bold action to respond to the health, economic, and racial justice crises before… Continue reading Walz’s supplemental budget calls for resources for greater investments
Walz’s proposed budget includes strong and fair revenues
Governor Tim Walz released what he called his “COVID-19 Recovery Budget” in the context of health, economic, and state revenue crises.
November forecast notes challenges but Minnesota can draw on resources so we can care for each other
The state’s budget forecast highlights that improved state revenue figures are not necessarily tied to better well-being for everyday Minnesotans.
Budget reserve is one tool to put people first during tough times
Every year, Minnesota Management and Budget (MMB) gives Minnesotans an estimate of what the state needs in its “rainy day”… Continue reading Budget reserve is one tool to put people first during tough times
Anti-racist principles would ensure equitable COVID recovery
Coronavirus is disproportionately harming the economic well-being and health of BIPOC communities (Black, Indigenous, People of Color). A recent report… Continue reading Anti-racist principles would ensure equitable COVID recovery
May budget report reveals the need to support everyday folks
The May budget projection will guide the decisions that policymakers make in the remaining weeks of the legislative session, and the months beyond. They remind us of how many of our neighbors are struggling, and the importance of taking swift action to reduce the hardships that Minnesotans and their families are facing as a result of the pandemic, and to start building for the economic recovery.
Minnesota moderately well prepared to respond to looming recession
As we grapple with a rapidly changing economy due to the coronavirus and an all but certain recession, a new… Continue reading Minnesota moderately well prepared to respond to looming recession