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.
HF3404/ SF3143* would extend the Traumatic Brain Injury Advisory Committee, the American Indian Advisory Council and the American Indian Child Welfare Advisory Council to 2023, and the Formulary Committee to 2022.
House lawmakers have given the green light to legislation that would make big changes to the powerful Metropolitan Council.
A new advisory board for real estate appraisers could help oversee licensing issues, disciplinary matters, continuing education and industry-related trends.
In an attempt to tackle a shortfall in available judges who oversee workers’ compensation hearings, the House on Tuesday passed a bipartisan bill that would allow retired judges to serve as needed.
A bill that would set consistent terminology, timeframes for sexual assault examination kit handling and provide that victims have access to information about their kit was passed by the House.
Employees of lodging establishments may be better equipped to spot sex trafficking, under a bill passed by the House.
A bill that tries to help the state in its fight against excessive health care costs was passed 127-0, as amended, by the House Tuesday.
Gov. Mark Dayton said Monday he wouldn’t sign a tax bill sent to him by the Republican-controlled Legislature if they don’t approve his $137.9 million emergency school funding proposal.
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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.
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The latest numbers are a $517 million swing from the November forecast
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