Budget Reserve Recommendation

To adequately manage the underlying risks in Minnesota’s general fund tax revenue system, Minnesota Management and Budget (MMB), in accordance with Minnesota  Statutes section 16A.152 subd.8, recommends a budget reserve target of 4.8 percent  of the current biennium’s general fund non-dedicated revenues, or a $2.699 billion budget reserve for the 2022-23 biennium.  At the end of the 2022 regular and special legislative session, Minnesota’s projected FY 2022-23 budget reserve was $2.656 billion. 

Read Complete Budget Reserve Report (including table data)