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Another forecast, another surplus

After years of budgeting under the strain of current and future deficits, the November economic forecast continued Minnesota’s streak of glad tidings. The report, released Thursday, was the fifth straight (dating to November 2011) in which the state has projected a surplus for the current biennium. The November report predicts that the state will end the 2014-15 budget cycle with an $825 million net surplus.

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November forecast looks to $825 million projected surplus

The November economic forecast released Thursday projects that the state of Minnesota will end the current biennium with an $825 million surplus. In the immediate afterglow, one note of consensus among major players was that the news should be taken with cautious optimism – though each cited different reasons for doing so.

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