Skip to main content Skip to office menu Skip to footer
Minnesota Legislature

House MN

Latest state budget forecast projects $1.5 billion surplus

Featured Image

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.

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10

Recent Dailies

Seeing no emergency education funds, Dayton vetoes omnibus tax bill
With fewer than four days left in the legislative session, House and Senate leaders are looking to put together a new tax conformity bill following Gov. Mark Dayton’s Thursday morning veto of the tax omnibus bill.
Revisor’s bill, filled with technical changes, passed by House
Packed with technical and grammar changes, the annual revisor's bill is going to the governor.
Supplemental budget conference committee works late for more agreement
More than a week after first convening, the omnibus supplemental budget conference committee met again Wednesday evening to try and reach agreement on the final articles of HF4099/ SF3656* – a compilation of many of this session’s major omnibus bills.
‘Jake’s Bill’ aims to end opioid addiction through education
Introduced in March 2017 by Rep. Mary Kunesh-Podein(DFL-New Brighton) and Sen. Carolyn Laine (DFL-Columbia Heights), HF2470/ SF2259, aims to stop the cycle of opioid misuse and addiction through education.
House passes greater protection plan for all hospital workers, firefighters
Firefighters and emergency medical personnel trying to help someone can be put in a tough spot when that victim or patient lashes out.
Passed by House, bill aims to ensure peace officers can be armed
Ensuring peace officers have all available tools to keep the public safe is the goal of a bill proffered by Rep. Matt Grossell (R-Clearbrook).
Increasing penalty for assaulting cop passed by House
HF3610 would increase the penalty for assaulting a peace officer from a gross misdemeanor to a felony punishable by up to two years in prison and a $4,000 fine.
House passes plan to make changes governing vehicle dealers, deputy registrars
Provisions governing deputy registrars and motor vehicle dealers in Minnesota could be streamlined under a bill passed Wednesday by the House.
MMB may be required to provide more data when submitting state employee contracts
Minnesota Management and Budget may be required to submit certain information about collective bargaining agreements to the Legislature.
House gives notaries public bill its stamp of approval
Minnesotans could apply to become online notaries public and complete that work remotely. In an effort to join a nationwide push to update the laws governing notaries, the H...

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10

Session Daily Home

Search Session Daily
Advanced Search Options

Priority Dailies

Strong suburban showing puts DFL in control of House
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.
Session adjourns with new funding, tax conformity hanging in the balance
'A very successful session?' Or, 'a debacle?' The reviews are mixed in the immediate aftermath of the 2018 session.
State projects $329 million budget surplus in latest forecast
Updated 3:44 p.m. The state has a $329 million projected budget surplus for the remainder of this biennium, Minnesota Management and Budget announced Wednesday. In its 2...
Omnibus bills provide framework for the state's biennial budget plan
At the beginning of the state’s two-year fiscal cycle, the first year of the legislative session is traditionally a “budget year.” It’s a lengthy process, but it’s one that requ...

Minnesota House on Twitter