Minnesota Management and Budget

Minnesota Management and Budget Commissioner Jim Schowalter told members of the Big 4 group that the state budget is out of whack from the pandemic. He urged schools, counties, cities and township leaders to all pull together to get out of the shortfall. Schowalter is looking at a $2.3 billion…

Minnesota Management and Budget (MMB) today released its 2018 November Budget and Economic Forecast — which projects a $1.54 billion surplus for the state’s budget for fiscal years 2020-2021. According to MMB: Minnesota’s budget and economic outlook remains sound, despite slower growth through the budget horizon. A revenue forecast increase…

According to Minnesota Management and Budget (MMB), the state’s net general fund receipts for fiscal year (FY) 2018 are now estimated to total $22.034 billion — $348 million (1.6 percent) more than projected in the February 2018 Budget and Economic Forecast. Higher than expected net individual income tax, corporate tax…

Courtesy of the Minnesota Teachers Retirement Association (TRA) The 2018 Omnibus Pension Bill passed out of the Minnesota Senate on a unanimous vote (66-0) on Monday, March 26. The bill will next proceed through various committees in the Minnesota House of Representatives, most likely after the Easter/Passover break. Bill co-author…

Minnesota Management and Budget (MMB) today released the 2018 February Budget and Economic Forecast. Minnesota’s budget and economic outlook has improved since November. A surplus of $329 million is now projected for the fiscal year 2018-19 biennium. The revenue forecast for the biennium is up $353 million compared to November…

Source: Minnesota Management & Budget Minnesota Management and Budget (MMB) is expected to release the state’s February Budget and Economic Forecast around 11:15 a.m. on Friday, February 26. Twice each year, MMB prepares the Budget and Economic Forecast as required by Minnesota law. The November forecast is used to set…

As we prepare for the holidays, state lawmakers begin preparation for the 2016 legislative session. The table is getting set: the budget forecast has been announced; legislative committee deadlines have been established and the pre-session posturing begins. We can’t help with you holiday preparations but we can help you prepare…

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