Current Operating Budget Governor's Budget Proposals
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. The Governor's budget recommendations are released in January of odd-numbered years and the legislature adopts a final budget during the legislative session.
The cost of the state budget is re-estimated twice each year. Economic and budget forecasts are issued in November and February - setting the basis for budget development and legislative actions.
After the budget is adopted, there are normally five updates per year to state budget data. These releases provide updated information based on:
- November Budget & Economic Forecast
- Governor's Budget Recommendations (January or February)
- February Budget & Economic Forecast
- Revised Governor's Budget Recommendations (usually in March)
- End-of-Session Estimates (usually in May or June)
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 regular and special legislative sessions.