Schools for Equity in Education

Brad's Blog

Month: December 2023

Budget Forecast Released

Decent News/Not-So-Good News.  The Minnesota Department of Management and Budget released the November budget forecast today and it didn’t contain much in way of surprises.  The budget surplus for this biennium projected at the end of the 2023 Legislative Session grew by $808 million from $1.6 billion to $2.4 billion.  The primary reasons for the upward revenue bump were increased purchasing, which raised sales tax revenues, and higher corporate tax collections due to higher corporate profits.