Posts Tagged ‘structural budget deficit’

2018 February Forecast: Small Change from November

The 2018 February Budget and Economic Forecast released by Minnesota Management & Budget (MMB) today projects a $329 million surplus in the current fiscal year (FY) 2018-19 biennium, a slight reversal from the small deficit anticipated in the November 2017 forecast. However, after adjusting for the effects of inflation—which are largely omitted from the official…

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State Deficit Worse Than It Appears

True to expectations, the condition of Minnesota’s finances has deteriorated from what was projected at the end of the 2017 special session. Based on the November forecast released earlier today, a modest deficit is now projected for the current fiscal year (FY) 2018-19 biennium and a significant deficit is projected for the upcoming FY 2020-21…

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