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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 recently ended the fiscal year with revenues a bit above prior projections. Looking ahead, the national economic picture remains… Continue reading July economic update shows little change in Minnesota revenues, national economic projections
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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
Brief
Advance periodic payments would make the Minnesota Child Tax Credit fit even better into family budgets
May 7, 2024 • Nan Madden
Minnesota Taxes
In 2023, Minnesota passed a nation-leading Child Tax Credit (CTC). About one-third of Minnesota families with children are expected to… Continue reading Advance periodic payments would make the Minnesota Child Tax Credit fit even better into family budgets
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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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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 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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Great Start Scholarships are an innovative policy solution for affordable child care
March 25, 2024 • Jessie Luévano
Child Care, Minnesota Budget
When Minnesotans have affordable child care, children can thrive, families are more economically secure, and employers can find and retain… Continue reading Great Start Scholarships are an innovative policy solution for affordable child care
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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
Brief
Who receives the Child and Dependent Care Tax Credit?
January 22, 2024 • Jessie Luévano
Child Care, Minnesota Taxes, Tax Credits for Minnesotans and Families
The full version of this issue brief includes a table with data specific to each Minnesota county and the state as… Continue reading Who receives the Child and Dependent Care Tax Credit?
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Minnesota’s policy choices move it toward the top for tax fairness in 50-state study
January 9, 2024 • Nan Madden
Minnesota Taxes
In an era of income inequality and growing concentration of wealth, a new 50-state study analyzes whether state tax systems… Continue reading Minnesota’s policy choices move it toward the top for tax fairness in 50-state study
Brief
Who receives the Renters’ Credit?
January 4, 2024 • Nan Madden
Minnesota Taxes
The full version of this issue brief includes a table of data on the impact of the Renters’ Credit in each Minnesota… Continue reading Who receives the Renters’ Credit?
Brief
Who receives the Working Family Credit?
January 3, 2024 • Nan Madden
Minnesota Taxes
The full version of this issue brief includes a table with data on the importance of the Working Family Credit… Continue reading Who receives the Working Family Credit?
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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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2023 investments in child care pave the way for a brighter future
September 28, 2023 • Jessie Luévano
Child Care, Minnesota Budget
There is an urgent need for Minnesota to make significant investments in our child care system so that all Minnesota… Continue reading 2023 investments in child care pave the way for a brighter future
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2023 Health and Human Services budget will expand access to affordable care
August 31, 2023 • Jessie Luévano
Health Care, Minnesota Budget
Policy and budget choices made this year will set up Minnesota to be a healthier state and ensure a more… Continue reading 2023 Health and Human Services budget will expand access to affordable care
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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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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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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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A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty
May 9, 2023 • Nan Madden
Minnesota Taxes
Poverty is not inevitable – instead, through smart, high-impact policy choices, we can make Minnesota a place where every child… Continue reading A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty
Brief
Expanding health care options for immigrants benefits us all
April 25, 2023 • Jessie Luévano
Health Care, Income and Inclusive Economy
The COVID-19 pandemic highlighted how our own health and the health of our neighbors and communities are interconnected, and the… Continue reading Expanding health care options for immigrants benefits us all
Brief
Minnesota’s Unemployment Insurance system should be updated to meet realities of today’s workforce
April 25, 2023 • Clark Goldenrod
Income and Inclusive Economy
Over the course of the pandemic, workers have needed to navigate the ups and downs of a continually shifting economy,… Continue reading Minnesota’s Unemployment Insurance system should be updated to meet realities of today’s workforce
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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
Brief
Who Receives the Renters’ Credit? (TY 2019)
February 24, 2023 • Nan Madden
Minnesota Taxes
The full version of this issue brief includes a table of data on the impact of the Renters’ Credit in each Minnesota… Continue reading Who Receives the Renters’ Credit? (TY 2019)
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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
Brief
Tax cuts from unlimited Social Security exemption skewed to higher-income Minnesotans
February 21, 2023 • Nan Madden
Minnesota Taxes
The path to a stronger, more equitable future includes strengthening public services so that all Minnesotans, their families, and communities… Continue reading Tax cuts from unlimited Social Security exemption skewed to higher-income Minnesotans
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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
Brief
Who receives the Working Family Credit? (TY 2019)
January 31, 2023 • Nan Madden
Minnesota Taxes
The full version of this issue brief includes a table with data on the importance of the Working Family Credit… Continue reading Who receives the Working Family Credit? (TY 2019)
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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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Income tax repeal would damage Minnesota’s quality of life, increase inequality
January 3, 2023 • Nan Madden
Minnesota Budget, Minnesota Taxes
All Minnesotans deserve to lead healthy and secure lives. But the path to a stronger, more equitable future for our… Continue reading Income tax repeal would damage Minnesota’s quality of life, increase inequality
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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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Restoring an inflation measure to the state’s Budget and Economic Forecast
December 6, 2022 • Clark Goldenrod
Minnesota Budget
The state’s economic forecasts are essential tools for policymakers and the public to understand the state’s fiscal situation. Unfortunately, they… Continue reading Restoring an inflation measure to the state’s Budget and Economic Forecast
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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