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Minnesota lawmakers will have more money available this year than previously expected as officials on Thursday projected a $3.7 billion state budget surplus. That's an increase of $1.3 billion ...
The updated forecast was $1.5 billion more than the whopping $7.7 billion surplus that Minnesota Management and Budget projected in December Already-huge Minnesota budget surplus grows to $9.25 ...
Dec. 7—The state of Minnesota will head into 2022 with a record $7.7 billion projected budget surplus for the current two-year budget cycle, state finance officials announced Tuesday. The eye ...
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
His governorship was characterized by a historically low rate of spending growth. According to the Minnesota Management and Budget Department, general-fund expenditures from 2004 to 2011 increased an average of 3.5% per two-year term, compared to an average of 21.1% from 1960 to 2003 (these numbers are not inflation-adjusted).
A 1973 state government reorganization saw LEAP's recommendations put into action, with the former accounting functions of the elected state auditor transferred to the Budget Bureau - which in turn became the Department of Finance. At the same time, the Department of the Public Examiner was abolished and its powers and duties in relation to the ...
Mar. 1—Minnesota's record $9.3 billion projected budget surplus is being driven in large part by the increased earnings of its residents and corporations. Projected state revenue of all kinds ...
This was the first legislature to be fully DFL-controlled since the 88th Minnesota Legislature in 2013–15. During the first session (2023), the body passed a number of major reforms to Minnesota law, including requiring paid leave, banning noncompete agreements, cannabis legalization, increased spending on infrastructure and environmental protection, modernizing the state's tax code ...