The state of Minnesota’s revenue picture continues to improve, but the national economic recovery is expected to be a little… Continue reading Newest state revenue update affirms substantial resources are available to build an equitable recovery
Tag: economic update
Latest data point to opportunity – and need – to build a stronger recovery
Even as the state’s revenues came in higher, the national economic outlook has weakened due to the spread of the delta variant of COVID-19 and supply chain disruptions. Read our take-aways and how policymakers should respond.
State’s July economic update shows strong revenue numbers
We’re getting “back to normal”, but that isn’t enough The state of Minnesota’s revenue and economic picture continues to improve,… Continue reading State’s July economic update shows strong revenue numbers
What does improved April economic update mean for budget negotiations?
The state’s economic picture has improved compared to the February forecast, according to the recent April Revenue and Economic Update.… Continue reading What does improved April economic update mean for budget negotiations?
January economic update shows some improvement
The state’s economic picture has improved compared to the November forecast, but COVID-19 and the economic fallout are still hurting many Minnesotans’ health and economic stability, according to the state of Minnesota’s recent January Revenue and Economic Update.
Economic update shows COVID-19’s impact, need for federal action
COVID-19 is still a major threat to the country’s health, economy, and public services we all count on. The state… Continue reading Economic update shows COVID-19’s impact, need for federal action
July economic update shows state will need all the tools in the toolbox
The state’s quarterly economic report shows that projections for the national economy have gotten even worse. While state revenues have come in a bit ahead of what was predicted in May, the state is still on track for a more than $2 billion budget shortfall for the current budget cycle.
April economic changes bring May budget projections
The novel coronavirus pandemic is having a significant effect on Minnesotans’ physical and mental health of Minnesotans. Unprecedented businesses closures… Continue reading April economic changes bring May budget projections
Minnesota’s April economic update
It’s a bigger deal than usual, but doesn’t yet have all the answers: The April Revenue and Economic Update is a first look at the economic and fiscal impacts of the coronavirus crisis in Minnesota. The quarterly report from Minnesota Management and Budget (MMB) shows that state revenues have dropped considerably and the national economy has likely fallen into recession.
Positive budget surplus is coupled with caution
Minnesota’s positive budget balance coupled with continued modest economic growth give us short-term good news, however it also gives reasons for caution, with only a small structural balance in the next budget cycle before accounting for inflation and slowing economic growth in the future.