Find out using our new Taxpayer Receipt application. The Minnesota taxpayer receipt was developed by Minnesota Management and Budget, in consultation with the Minnesota Department of Revenue, under Minnesota Statutes 16A.067. The receipt estimates a …
Minnesota Management and Budget (MMB) has released the Annual Comprehensive Financial Report (ACFR) as well as the Legal Level of Budgetary Control (LLBC) supplement for the state of Minnesota for the fiscal year ended June 30, 2023. These reports include …
Minnesota’s budget and economic outlook remains stable in the current biennium, but a significant structural imbalance constrained the budget outlook in FY 2026-27. The current FY 2024-25 surplus is projected to be $2.4 billion, up $808 million from the …
As Minnesota Management and Budget (MMB) staff works on 2024 capital budget requests, we’d like to hear from you about which projects in your community should be prioritized and why. Speak up and let your opinions count. The public comment period will be …
On Oct. 25, 2023 Minnesota Management and Budget sold $454 million in State of Minnesota Certificates of Participation to finance the design, renovation, expansion and equipping of the State Office Building and $26 million in State of Minnesota Taxable …
The FY 2022-23 biennium ended with a balance $820 million higher than estimated at the end of the 2023 legislative session. Final revenue for the biennium, including taxes, other revenue, and accounting adjustments from prior fiscal years, closed $739 …
Fitch, Moody’s and Standard & Poor’s all agree: Minnesota has earned the highest bond rating achievable. In July 2023, Fitch, Standard & Poor’s, and Moody’s all reaffirmed the state’s AAA rating. “Top bond ratings are important because they help …
St. Paul, MN: Today, two decades ahead of schedule and at the earliest opportunity, Minnesota Management and Budget (MMB) paid off all $377 million in outstanding public debt on bonds issued for development of U.S. Bank stadium. “Paying off the stadium …
Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155
Net general fund revenues totaled $2.9 billion in January, $270 million (10.2%) over forecast. Net receipts from individual and corporate taxes exceeded forecast, while net sales and other tax receipts were below forecast. Year-to-date, FY2023 receipts are …
St. Paul, MN : The Minnesota Senate today voted to confirm Jim Schowalter as commissioner of Minnesota Management and Budget (MMB), a position he has held since 2020. This is the second Senate confirmation for Schowalter, who also served as commissioner of …
Minnesota’s net general fund receipts for February and March 2022 are now estimated to total $4.239 billion, $666 million (18.7 percent) more than forecast in the February 2022 Budget and Economic Forecast. However, most of this variance reflects the …
Governor Walz and LT Gov Flanagan release their revised supplemental budget, which adds $1.6 billion in new spending, including $1.3 billion in additional payments to Minnesotans. /mmb/budget/current-budget/governors-budget-recommendations/index.jspFY 2022 …
Summary of Revenue Forecast Uncertainty for the Current Biennium In Minnesota’s February 2022 Budget and Economic Forecast, total revenues for FY 2022-23 are forecast to be $57.289 billion. This forecast was constructed seventeen months before the current …
Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155
Minnesota's budget and economic outlook remains positive. A forecast improvement of $1.507 billion for the current biennium leads to a revised projected general fund surplus of $9.253 billion for FY 2022-23. A higher income, consumer spending, and …
Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155
ST. PAUL, MN—Yesterday, the State of Minnesota’s $876.2 million general obligation bond sale received interest rates near historic lows. The proceeds support capital construction projects such as asset preservation, higher education facilities, highway …
Top financial analysts Fitch and Standard & Poor’s reaffirmed Minnesota’s AAA rating, the highest rating awarded by the analysts. Fitch and Standard & Poor’s ratings reflect the state’s diverse economy, history of strong financial results, strong …
Minnesota’s net general fund receipts for November and December of FY 2021 are now estimated to total $4.098 billion, $167 million (4.3 percent) more than forecast in the November 2020 Budget and Economic Forecast. Net receipts exceeded the forecast for …
