Each odd-numbered year the governor proposes, and the legislature enacts, a two-year operating budget , often called the Biennial Budget. The budget process for the next biennium begins in July of even-numbered years when Minnesota Management & Budget issues budget instructions to state agencies.
Economic and budget forecasts are issued twice annually in November and February - setting the basis for budget development and legislative actions. The Governor's budget recommendations are released in January of odd-numbered years and the Legislature adopts a final budget during the legislative session.
After the budget is adopted, there are normally five updates per year to state budget data. These releases provide updated information based on:
Even though the budget is enacted for a two-year period, numbers associated with the budget change with each of these updated budget forecasts, and legislative actions during the normal annual legislative sessions.