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There were 583 press releases posted in the last 24 hours and 397,915 in the last 365 days.

Minnesota Management and Budget Press Releases

50 Press Releases
  • Published on December 29, 2023 - 18:15 GMT

    Where do your tax dollars go?

    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 …

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  • Published on December 20, 2023 - 17:45 GMT

    2023 Annual Comprehensive Financial Report

    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 …

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  • Published on December 6, 2023 - 15:30 GMT

    November Budget and Economic Forecast

    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 …

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  • Published on November 7, 2023 - 21:13 GMT

    Share Your Input on Local Government Projects

    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 …

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  • Published on October 25, 2023 - 18:22 GMT

    Financing Sale

    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 …

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  • Published on October 16, 2023 - 14:28 GMT

    FY 2022-2023 Biennium Budget Close Report

    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 …

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  • Published on August 5, 2023 - 18:07 GMT

    Rating Agencies Confirm Minnesota’s AAA Status

    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 …

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  • Published on June 26, 2023 - 20:24 GMT

    State Pays Off Stadium Debt 20 Years Early

    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 …

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  • Published on March 16, 2023 - 16:47 GMT

    Revised Budget Recommendations

    Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155

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  • Published on February 10, 2023 - 16:00 GMT

    January Monthly Revenue Review

    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 …

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  • Published on February 9, 2023 - 18:14 GMT

    Senate Confirms Jim Schowalter as Commissioner of Minnesota Management and Budget

    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 …

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  • Published on April 11, 2022 - 16:38 GMT

    April Revenue Review and Economic Update

    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 …

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  • Published on March 17, 2022 - 13:14 GMT

    Governor Walz and LT Gov Flanagan release their revised supplemental budget

    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 …

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  • Published on March 14, 2022 - 14:59 GMT

    Revenue Forecast Uncertainty Report - March 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 …

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  • Published on February 28, 2022 - 22:37 GMT

    February Internal Controls Bulletin

    Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155

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  • Published on February 28, 2022 - 15:53 GMT

    February Budget and Economic Forecast

    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 …

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  • Published on January 31, 2022 - 22:23 GMT

    January Internal Controls Bulletin

    Minnesota Management and Budget 658 Cedar Street Saint Paul, MN 55155

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  • Published on September 10, 2021 - 20:08 GMT

    Minnesota Received Historically Low Interest Rates During 2021 Bond Sale

    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 …

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  • Published on September 3, 2021 - 17:45 GMT

    Minnesota's top-tier economic and well-being status

    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 …

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  • Published on January 11, 2021 - 19:31 GMT

    January Revenue and Economic Update

    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 …

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