Minnesota’s Economic & Budget Outlook Improve

Minnesota’s Economic & Budget Outlook Improve

FY2014-15 Projected Balance Rises to $1.233 Billion

Statement from Minnesota Management and Budget Commissioner Jim Schowalter

The February budget and economic forecast shows a positive balance of $1.233 billion for fiscal years 2014-2015. This is an improvement of $408 million from the November budget forecast.

Since November, revenue projections have increased by $366 million and spending projections have decreased by $48 million.  Other adjustments account for the difference. The 2016-17 structural balance is projected to be $2.599 billion.

February 2014 Budget & Economic Forecast Facts:

Additional reading: 

Session Daily: State budget surplus grows by $408 million: http://www.house.leg.state.mn.us/SessionDaily/SDView.aspx?StoryID=3983

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