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 . . .
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 . . .
This free webinar, presented by CGMC Executive Director Bradley Peterson, explored COVID-19 and its impact on state and local budgets.
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, . . .
On Monday, the House Ways and Means Committee held a virtual meeting that focused on a presentation from Minnesota Management and Budget (MMB) Commissioner Myron Frans and State Economist Laura Kalambokidis on the quarterly economic outlook that came out April 10, as well as an update on the COVID-19 federal . . .
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 . . .