Minnesota’s budget and economic outlook remain stable. A small increase to the general fund revenue forecast along with a similar-sized reduction in spending estimates result in a projected surplus of $1.513 billion for the FY 2020-21 biennium, $181 million larger than the November estimate. 

Governor's 2020 Proposed Capital Budget

State of Minnesota Releases Budget and Economic Forecast

St. Paul—Today, Minnesota Management and Budget (MMB) released the 2019 November Budget and Economic Forecast. Minnesota’s budget and economic outlook has improved since the end of the 2019 legislative special session.

Top financial analysts Standard & Poor's and Fitch announced that they are affirming Minnesota’s AAA, the highest rating awarded by the analysts.

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