February Forecast Surplus Could Be Illusory

The projected budget surplus for the upcoming FY 2018-19 biennium increased by $250 million to $1.65 billion, based on Minnesota Management & Budget’s (MMB) February forecast, released today. The surplus for FY 2020-21 biennium—the start of which is still 28...

Don’t Base Large Tax Cuts on an Uncertain Forecast

The ink was hardly dry on the November 2016 forecast when conservatives started calling for big tax cuts. After all, there is a $1.4 billion surplus projected for the upcoming FY 2018-19 biennium—what better time to go on a tax cutting spree! However, a closer...