Minnesota Budget Bites

Governor Tim Walz's FY 2020-21 supplemental budget proposal released today focuses on passing a significant capital i...

Minnesota's positive budget balance coupled with continued modest economic growth give us short-term good news, however it also gives reasons for caution, with only a small structural balance in the next budget cycle before accounting for inflation and slowing economic growth in the future.

The 2020 Legislative Session will involve a new player: the Legislative Budget Office, or LBO . The LBO will be respo...

January's Economic Update brought us good short-term news: revenues are up, and the economy is growing at a good pace for now. However, with slower economic growth and potential for a recession on the horizon, policymakers should prioritize a strong budget reserve to be able to meet Minnesotans' needs in future tough times.