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Minnesota Management and Budget

Nov 10, 2010

MMB’s Hanson to leave post Dec. 1

Hanson will take a position at Minneapolis law firm of Winthrop & Weinstine focusing on regulatory and legislative practice.

Oct 12, 2010

Kathy Kardell to leave Minnesota Management and Budget

Kathy Kardell, the assistant commissioner for treasury at the Minnesota Department of Management and Budget, is leaving the agency to take a new job with Hennepin County.

Oct 11, 2010

Paper Trail: Economic update shows slight increase in sales taxes

The latest economic update from the Minnesota Department of Management and Budget (MMB) shows the state pulled in $55 million more than originally forecast for the first quarter that ended Sept. 30. The total amount collected in the quarter is $3.4 billion.

Sep 8, 2010

Minnesota may need to borrow before end of 2010

The state of Minnesota is proceeding with plans to establish a $600 million line of credit to get through the cash-poor months ahead. And while Minnesota Management and Budget Department Commissioner Tom Hanson said on Tuesday that he doesn't want to call on the state's banker to get a short-term loan, he also conceded that his department might need to tap into the state's line of credit with U.S.[...]

Mar 23, 2010

Federal health bill’s impact on Minnesota budget far from clear — but…

It will be some time before anyone at the Capitol complex can claim an authoritative grasp of what the new federal laws mean for Minnesota's near- and long-term general fund budget troubles. But in the meantime, legislative fiscal analysts suggest the truth is different from the early claims of both Democrats and Republicans.

Feb 8, 2010

Cash-flow crisis roadshow visits House joint committee hearing

Last Thursday the state issued a request for proposals (RFP) for a loan or line of credit of $600 million to shore up Minnesota's finances. The deadline for those proposals is February 25.

Jan 13, 2010

State might delay 2010 school payments to fix cash flow problems

State budget officials are looking at emergency options to avoid short-term borrowing before the fiscal year ends on June 30.

Nov 18, 2009

Minnesota officials put stimulus money on the map

The Minnesota Department of Management and Budget (MMB) has rolled out an online map that shows where federal economic stimulus money has been allocated in the state.

Oct 15, 2009

Revenue crash will force state to revise bonding guidelines

As we wrote earlier this month at Capitol Report, there are high expectations attached to the 2010 Legislature's bonding efforts, which many DFL legislators are touting as a means of speeding job creation in the state. Estimates of $1 billion-plus in new bonding are commonplace at the Capitol.

Sep 28, 2009

H1N1: Goverment, businesses plan for wave of absenteeism

State-provided services whose disruption would cause an immediate threat to public health, safety or welfare must be continued, even if it means bringing in others to perform those tasks.

Aug 17, 2009

Minnesota stimulus funds website draws criticism, raises fears

The Minnesota Department of Management and Budget's online site for tracking federal stimulus dollars is getting bad reviews for the quality of its disclosure, and some at the Capitol are worried that there may be deeper problems with the state's data collection and reporting plan in advance of a looming October 10 deadline for submitting expenditure information to the federal government.

Aug 14, 2009

Are we headed for a fight over state’s ARRA compliance?

[This item is excerpted from today's PIM Weekly Report.] Late summer is the most soporific time at the Capitol. On some afternoons, you can stand around the rotunda without seeing a soul for minutes at a time. Daily news cycles line up to die quiet little deaths, one after the other. All the more reason to keep one eye on a little-noted series of meetings concerning Minnesota's handling of fede[...]

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