8 Aug 2024 3:21 am
Just a fact
https://www.house.mn.gov/SessionDaily/Story/18109
Just as Minnesota has experienced a warmer winter than usual, so has the state’s budget outlook warmed over the past few months.On Thursday, Minnesota Management and Budget officials released the February budget and economic forecast showing the 2024-25 biennium is expected to end with a surplus of $3.71 billion. That’s up $1.32 billion from November projections.As for the 2026-27 biennium, concerns about a structural imbalance persist, but the numbers have also improved there since November, with a projected biennial surplus of $2.24 billion, compared to the far more modest $82 million projected in November.
https://www.house.mn.gov/SessionDaily/Story/18109
Just as Minnesota has experienced a warmer winter than usual, so has the state’s budget outlook warmed over the past few months.On Thursday, Minnesota Management and Budget officials released the February budget and economic forecast showing the 2024-25 biennium is expected to end with a surplus of $3.71 billion. That’s up $1.32 billion from November projections.As for the 2026-27 biennium, concerns about a structural imbalance persist, but the numbers have also improved there since November, with a projected biennial surplus of $2.24 billion, compared to the far more modest $82 million projected in November.