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The Minnesota Management and Budget office’s new economic forecast released Friday is a swing in the opposite direction of the forecast from December. The new forecast shows a $1.6 billion surplus, a drastic change from the $1.3 billion deficit forecast two months ago. Governor Tim Walz released the following statement on the new forecast – […]
In late June, Governor Tim Walz authorized $600 million in aid to local governments impacted by COVID-19 from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Polk County received $3,985,249 in funding. Polk County Administrator Chuck Whiting said the County Board will need to figure out how to use its funding. “What we
The Minnesota Management and Budget (MMB) is releasing an updated budget projection for the current biennium, Fiscal Years 2020 and 2021. Minnesota’s budget and economic outlook has significantly worsened since the coronavirus pandemic. A deficit of $2.426 billion is now projected for the current biennium, which is almost a $4 billion change compared to the
The office of Minnesota Management and Budget (MMB) released its February revenue forecast earlier today, providing an updated outlook for Minnesota’s financial future. According to the report, the state has a $1.052 billion surplus for the remainder of the 2020-21 budget cycle – $492 million less than what was projected in the November forecast. Looking
