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Minnesota Legislature

Budget forecast: Projected surplus drops by almost $500 million, still tops $1 billion 

Capitol nightfall

Expectations may need to be tempered by people and organizations seeking new or increased state spending in the 2020-21 biennium.

While the state’s $1.05 billion projected budget surplus for the 2020-21 biennium may sound like good news, that’s a $492 million decrease since November, Minnesota Management and Budget officials announced Thursday.

Commissioner Myron Frans called the 2019 February Budget and Economic Forecast “a cautionary tale” because while a positive balance is nice, state leaders must be cautious in how they proceed.

The projected surplus was $1.54 billion when the agency announced numbers three months ago.

Required by state law, the February forecast is one of two annual budget indicators released by the state after finishing a collaboration between agencies and economists who follow state and national trends. Legislators will use the forecast numbers to help shape policies for the remainder of the 2019 session, which must end by May 20.

The 2020-21 biennium begins July 1, 2019. Read more at Session Daily 

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Event Schedule

The 2020 Regular Session of the Minnesota Legislature is scheduled to convene on Tuesday, February 11, 2020
Tuesday, February 11 2020 12:00 PM
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The 2020 Regular Session of the Minnesota Legislature is scheduled to convene on Tuesday, February 11, 2020 at 12 p.m.

News and Notes

The 2020 session is scheduled to begin Feb. 11, 2020.

Bill Introductions: Special Session HF1-HF17

For comparison

There were 2,921 House files introduced during the 2019 regular session; 2,722 in 2017; 2,379 in 2015; 1,862 in 2013; and 1,761 in 2011.

Did you know?

According to the National Conference of State Legislatures, Minnesota is the only state with a divided legislature in the 2019-20 biennium. The last time there was only one divided state legislature in the country was 1914.

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