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.
The House voted 127-4 Sunday night to add clarifying language and make technical changes to higher education loan forgiveness programs and certain labor agreements.
The infrastructure-heavy plan contains $1.43 billion in total appropriations; $825 million of which would be general obligation bonding.
Sponsored by Rep. Tim O'Driscoll (R-Sartell) and Sen. Julie Rosen (R-Vernon Center), the bill would help stabilize pension plans for more than 500,000 Minnesotans, including teachers, police officers, firefighters and other public employees.
As the clock ticks closer to midnight on the last day of the legislative session, the House and Senate have yet to pass a capital investment bill that can head to the governor’s office. A bill is ready for their review.
The House Agriculture Policy Committee adopted a resolution Sunday that may block a controversial groundwater protection rule from taking effect until the end of next year’s leg...
An effort to replace Minnesota’s long-standing wild rice water quality sulfate standard may get a second chance, following a conference committee agreement on the final day of t...
With only hours left of the 2018 legislative session, lawmakers met Sunday morning to make revisions to the tax reform bill in hopes that this go-around it will garner Gov. Mark Dayton’s signature.
A session that began three months ago has largely been boiled down to a large bill that doesn’t appear to have gubernatorial support.
It’s not looking like the omnibus supplemental budget bill or the tax bill will get passed this year.
The House Agriculture Policy Committee gathered Saturday to consider using, for the first time, a 17-year-old state statute that would allow it block a controversial groundwater protection rule proposed by the Department of Agriculture earlier this year.
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