Minnesota’s economists are expecting a worsening in projected tax collections in the next two-year budget.

The state legislature will craft the next two-year budget for fiscal years 2024 and 2025 based on the spending and revenue projections detailed in that report.

Advocates for people with disabilities rallied at the Capitol rotunda on Wednesday, May 21, 2025. A working group is meeting behind closed doors to put together a “budget roadmap” for health ...

Minnesota's budget surplus estimated to be $2.4B, up $808M from original projection. However, future economic forecasts say a deficit may be looming.

Minnesota’s budget outlook has flipped from a record surplus to a projected $6 billion deficit down the line. The shortfall projected for the state’s 2028-2029 budget cycle will almost ...

Minnesota biennial revenues and spending State lawmakers pass a budget every two years. Amounts are shown in billions of inflation adjusted dollars.

The revenue forecast will be the Legislature’s fiscal guide in coming up with a two-year balanced budget this session. Minnesota’s economists are expecting a slight worsening in projected tax ...

Lawmakers are meeting in private to craft the budget bills they failed to pass in session. No special session has been scheduled yet.