State Budget

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7 Aug ‘20

MMB provides fiscal update, including first glimpse at the 2022-23 biennium

2020-08-07T14:28:41-05:00August 7th, 2020|Categories: Bonding, News, State Budget|

On July 31, Minnesota Management and Budget (MMB) provided an update on state tax collections, and—for the first time since COVID-19 emerged—provided an estimate of the impact the pandemic could have on the state budget during the 2022-23 biennium. The updated revenue report shows state tax collections have remained roughly . . .

24 Jul ‘20

Budget ‘blackout’ dims hopes for bonding bill

2020-07-24T09:29:14-05:00July 24th, 2020|Categories: Bonding, Economic Development, Energy & Environment, Environment, Jobs, News, Special Session, State Budget, Transportation|

When the Legislature failed — again — to pass a bonding bill during the second special session that ended earlier this week, it significantly jeopardized the chances of passing a bonding bill in 2020.   The CGMC has learned that the state's pending August bond sale means that the Legislature . . .

13 May ‘20

Legislative session ends May 18, but much work remains

2020-05-13T10:47:36-05:00May 13th, 2020|Categories: CGMC Programs, COVID-19, News, Special Session, State Budget|

The final days of the legislative session have a very different feel this year. Under normal circumstances the halls of the Capitol and legislative buildings would be filled legislators, staff, lobbyists, and the public. The atmosphere would be electric with bursts of activity, conference committees called at a moment’s notice, . . .

28 Feb ‘20

State budget surplus swells to $1.5B

2020-02-28T09:22:25-06:00February 28th, 2020|Categories: State Budget|

The February budget and economic forecast, released by Minnesota Management and Budget (MMB), shows the state budget surplus for FY 2020-21 has grown to $1.5 billion — $181 million higher than the previous forecast in November.   MMB Commissioner Myron Frans said this forecast is stable, but he also warned . . .

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