State officials offered good economic news Thursday, predicting Minnesota will have a $1.54 billion budget surplus for the upcoming biennium.
Minnesota Management and Budget, which oversees the state’s finances, released its November Forecast. It is one of two annual forecasts done to provide an update on Minnesota’s financial health by examining spending, predicted revenues and a variety of other economic factors.
Commissioner Myron Frans said the surplus is due to greater-than-projected revenue and expenditures that were lower than previously predicted. He said the state’s budget reserve, which has now surpassed $2 billion, is the largest in Minnesota history.
“I’m smiling today because this is really good financial news,” he said.
Doctors may be required to ask abortion-seeking patients if they want to view an ultrasound of the fetus.
HF1180 would require hands-free cellphone use when operating a motor vehicle, unless “the vehicle is legally pulled over to the side of the road, has come to a complete stop, and is not obstructing traffic.”
A joint convention of the House and Senate chose Randy Simonson to fill the open First Congressional District seat on the University of Minnesota Board of Regents.
With only 12 days left in the legislative session and a federal tax conformity crisis looming, the omnibus tax conference committee met Wednesday with the goal of quickly sending a palatable bill to Gov. Mark Dayton’s desk.
The omnibus House and Senate supplemental budget bills differ greatly in some appropriations; the policy differences are vaster.
Republican lawmakers used a Wednesday hearing of the House State Government Finance Committee to further solidify their position of using funds reserved for U.S. Bank Stadium to pay for three new veterans homes in Greater Minnesota.
The House overwhelmingly passed a slate of bills intended to improve the lives of military members, from better informing Minnesota’s National Guard about life insurance benefits to recognizing atomic veterans and Purple Heart recipients.
Transportation bonding is tacked onto $825 million capital investmentbill as it clears its final House committee hurdle.
The conference committee tasked with hammering out the differences that divide the House and Senate on a laundry list of major issues met for the first time Tuesday afternoon.
Winning a number of key races in the Twin Cities suburbs, the DFL picked up 18 seats and will hold a 75-59 advantage when the House convenes Jan. 8, 2019.
'A very successful session?' Or, 'a debacle?' The reviews are mixed in the immediate aftermath of the 2018 session.
The latest numbers are a $517 million swing from the November forecast
The budget process explained — and why it matters