Projected Minnesota State Budget Surplus Rises to over $1.5 Billion
St Paul (KROC AM News) - Minnesota state government officials are reporting an improved budget and economic outlook.
A newly released budget projection calls for a surplus of nearly $750-million at the end of the current fiscal year, which is June 30th.
The forecast calls for additional revenue growth during the next two year budget period that would increase the surplus to $1.65-billion. That’s more than $200-million higher than the earlier report.
The report predicts even more growth during the 2020-21 budget period but cautions that possible changes in federal policies under the Trump Administration “create significant risk for this forecast.”
Check here for the report.
The legislature and Gov Dayton can now fine-tune their proposed budgets for the 2018-19 biennium.