In March, Governor Tim Walz released his revised budget proposal, which updates the initial budget proposal he released on January… Continue reading Governor Walz’s revised FY 2026-27 budget proposal makes some additional changes as budget conditions tighten
Tag: Minnesota budget
State’s February Budget Forecast shows challenges facing Minnesota, which will worsen if Congress makes big funding cuts
Minnesota continues to expect budget surpluses in the short term but a significant shortfall in the future, and the state budget situation has become more challenging, according to the state’s February 2025 Budget and Economic Forecast released on March 6.
Our first look at Governor Walz’s FY 2026-27 budget proposal
For analysis of Governor Tim Walz’s revised FY 2026-27 budget proposal, see Governor Walz’s revised FY 2026-27 budget proposal makes… Continue reading Our first look at Governor Walz’s FY 2026-27 budget proposal
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
Minnesota’s November Budget Forecast is a mixed bag
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