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Minnesota Management and Budget

Jun 13, 2014

Revenue shortfall gets political

Republican legislators and candidates have seized on the run of disappointing tax collection figures, saying it's a clear indication that the state is headed in the wrong direction.

Dec 5, 2013

November forecast: Minnesota has a $1.08 billion surplus

Minnesota budget officials said Thursday morning that economic predictors suggest the state will have a $1.08 billion balance for the 2014-2015 fiscal year. The numbers won't be final until the February economic forecast.

Oct 10, 2013

Minnesota collects $4.1 billion in revenues since July

Both the sales tax and the income tax pulled in more revenue that originally anticipated in the February forecast, with sales tax receipts coming in $46 million ahead of forecast and the income tax bringing in $27 million more that predicted, according to Minnesota Management and Budget (MMB). But the corporate tax collections were down by about $11 this quarter, and other revenues were $64 millio[...]

Sep 10, 2013

August revenue collections $26 million below forecast

Minnesota Management and Budget (MMB) says August revenue collections were $26 million lower than forecast, which could be attributed to a one-day lag in the state's accounting system.

Jul 11, 2013

State revenues up $463 million for 2013 fiscal year

A Minnesota Management and Budget report released this week showed the state collected 2.7 percent more in revenue that originally anticipated during the 2013 fiscal year, bringing total collections for the year up to nearly $18 billion. Revenues in the months of April through June ticked up $318 higher than budget officials initially predicted.

Jun 10, 2013

MMB: May revenue collections up by 1.9 percent

That amounts to a $25.8 million increase in revenue for the May fiscal period, according to number released by Minnesota Management and Budget (MMB) on Monday. In addition, year-to-date revenues are now $324 million above February’s forecast.

Feb 28, 2013

Economic forecast: Budget deficit down to $627 million

**UPDATED**Minnesota's latest economic forecast predicts a $627 million deficit over the next two years, a more than $400 million improvement from the last forecast in November.

Feb 2, 2012

Senate Finance Committee unanimously backs Schowalter

Many of the questions focused on the government shutdown last year, and whether steps should be taken to ensure state spending or programs continue in the event of a future impasse.

Jul 22, 2011

Lobbyists scramble to digest budget

Some bills were only posted online in the early hours of Wednesday morning, just hours — or minutes — before they passed. By morning they were signed into law by the governor. Now some lobbyists, many of whom spend long days and nights at the Capitol during session, are scrambling to understand the budget bills’ implications for their clients.

Jun 3, 2011

What would a government shutdown in 2011 look like? No one really knows

As acrimony and posturing continue to dominate relations between DFL Gov. Mark Dayton and GOP legislative leaders, the countdown to a July 1 state government shutdown proceeds. Yet even as the zero hour draws closer, many basic questions — such as the scope of services to be shuttered and the likely public impact — remain mysteries that would ultimately be settled in a courtroom.

Jan 27, 2011

Paper Trail: The state’s $194 million in unobligated funds

There's been a lot of talk around the Capitol this week about the $200 million in unobligated cash Republican leadership asked the Minnesota Managment and Budget (MMB) Office to cut from state government as part of their $1 billion budget-cutting bill. Numbers from MMB show the state has $194 million total in unobligated dollars.

Dec 30, 2010

Dayton picks MMB deputy Jim Schowalter for budget commissioner

Democratic Governor-elect Mark Dayton announced Thursday that Minnesota Management and Budget Deputy Commissioner Jim Schowalter will move up into the chief role under his administration.

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