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.
Allowing electronic voter signatures at the polls and expanding the allowable types of voting equipment are among the elections administration policy changes included in a bill passed 124-0 by the House Monday.
Self-storage facility owners could hold online auctions for defaulted property in their units, under a bill passed Monday by the House.
The House passed a bill Monday that would give Minnesota-based organizations like the Catholic United, Sons of Norway and Polish Falcons of America a system to liquidate or transfer membership to another organization.
House and Senate tax conferees reached a deal Friday afternoon on a plan that they say would cut taxes for 2.2 million Minnesota, the first rate reduction in nearly 20 years.
A look back at what happened in the Minnesota House of Representatives the week of May 7-11, 2018.
Additional dollars could be coming to a senior housing and care service facility in St. Paul.
Keeping the organic substance kratom away from minors is one goal of the annual drug scheduling bill put forth by the Board of Pharmacy.
Bill would direct state agency to gather data probing link between pornography and sex trafficking.
The bill would recognize June 29 – the four-star general’s birthday – as 'General John Vessey Day.'
A proposal to increase the threshold for direct bid contracts with small businesses is headed to Gov. Mark Dayton.
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