skip to content
Primary navigation


State of Minnesota Releases February 2020 Budget and Economic Forecast

2/27/2020 2:30:15 PM

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.  As in November, the economic outlook is stable but a slowdown remains in the forecast. The small budgetary improvement continues into the next biennium and the structural balance is improved, but budget challenges remain.

/mmb/forecast/forecast/index.jspRead the complete document

News Releases Page

back to top