Schools for Equity in Education

Session Daily

Minnesota’s projected budget surplus balloons to $3.7 billion, but fiscal pressure still looms

Just as Minnesota has experienced a warmer winter than usual, so has the state’s budget outlook warmed over the past few months. On Thursday, Minnesota Management and Budget officials released the February budget and economic forecast showing the 2024-25 biennium is expected to end with a surplus of $3.71 billion. That’s up $1.32 billion from November projections.