Publications

Stock image: Split Rock lighthouse

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Historic state budget forecast presents historic opportunity

December 8, 2021 • Nan Madden
Minnesota Budget, Minnesota Budget Outlook

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.

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Latest data point to opportunity – and need – to build a stronger recovery

October 26, 2021 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook

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.

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Dear Congress: It’s time to pass historic investments

September 21, 2021 • Laura Mortenson
Child Care, Federal Budget, Federal Issues, Federal Taxes, Income and Inclusive Economy, Income and Work

If Congress makes the right choices, recovery legislation could lead to historic reductions in economic and racial inequality in Minnesota and across the country.

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A brief rundown on the expanded Child Tax Credit

July 20, 2021 • Meghan Marriott
Federal Taxes, Income and Inclusive Economy, Income and Work

Here we break down some basic information as to who is eligible for the Child Tax Credit, how much families will receive, and how families can receive their credits.

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January economic update shows some improvement

January 21, 2021 • Clark Goldenrod
Minnesota Budget, Minnesota Budget Outlook

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.

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