Management & Budget

Net general fund revenues totaled $1.4 billion in February, $16 million (1.1%) below forecast. Net receipts from individual income, corporate franchise, and general sales taxes were below forecast, while other revenues were above. tinyurl.com/3awswtvn

February 2026 Budget and Economic Forecast documents are now available on MMB’s website. tinyurl.com/yc3du8n9

The MMB February forecast projects a $3.7 billion balance at the end of the FY26–27 biennium, $1.3 billion higher than November estimates, with a projected $377 million balance in FY28–29 amid an ongoing structural imbalance. tinyurl.com/5t45n6um

Net general fund revenues totaled $3.6 billion in January, $513 million (16.7%) above forecast. Net receipts from individual income tax, corporate franchise tax, and other revenues were above forecast, and general sales and use taxes slightly below. tinyurl.com/yut3xpee

Nov.-Dec. net general funds receipts totaled $5.6 billion, 1.2% above forecast. Individual and sales tax receipts where slightly higher than forecast, with corporate franchise taxes slightly below. Other revenues exceeded forecast. tinyurl.com/49ed264h

Net general fund revenues were $2.1 billion in November, $35 million (1.7%) above forecast. Individual income tax, corporate franchise tax, and other revenues all at or above forecast, general sales tax revenues slightly below. tinyurl.com/4abzzchc

MMB’s November budget and economic forecast materials are now available online. tinyurl.com/4csdandm

November forecast shows projected surplus of $2.5 billion in current biennium. Higher health care costs and slow economic growth drive increase structural imbalance in FY 2028-29 to a negative $2.960 billion. Total general fund reserves remain strong at $3.8 billion.

Net general fund revenues were $2.534 billion in October, $26 million (1.0%) below forecast. Individual and corporate franchise taxes were below forecast, with general sales taxes and other revenues above. tinyurl.com/9w2b5edt

Net general fund receipts for Q1 FY 2026 estimated at $7.7 billion, $90 million (1.2 %) less than forecast. Net receipts for individual income tax, sales tax, and other revenues were above forecast while corporate franchise tax revenues were below. tinyurl.com/4b5rzd8y

For the fourth year in a row, all three major rating agencies give Minnesota bonds top marks, underscoring strong confidence in the state’s fiscal management, stable outlook, and responsible budgeting practices. tinyurl.com/sjh285x4

x.com/GovTimWalz/sta… MMB Commissioner Erin Campbell was honored to join Governor Walz and other cabinet members at Pine Bend Elementary this week to emphasize work across the administration to make Minnesota the best place in the nation to raise kids.

Net general fund revenues were $2.1 billion in August, $86 million (4.2%) above forecast. Individual income and sales tax and other revenues were above forecast. Fiscal year-to-date receipts are now $4.3 billion, $22 million (0.5%) above forecast. tinyurl.com/yw6383tz

Net general fund revenues totaled $2.2 billion in July, $62 million (2.8%) under forecast. Net individual and corporate income tax receipts were lower than forecast, while net sales tax receipts and other revenues were slightly higher. tinyurl.com/yc4n4kfm

Net FY 2025 general fund revenues estimated to total $31.9 billion, $847 million (2.7 %) over forecast. Net income tax was above forecast while net corporate tax, sales tax, and other revenues were below. tinyurl.com/mu2ab4fy

Net general fund revenues totaled $2.1 billion in May, $23 million (1.1%) above forecast. Net receipts from individual income and corporate franchise taxes were higher than forecast while net sales tax and other revenues were lower. tinyurl.com/yu743e27

Net general fund receipts for April estimated at $3.815 billion, 11.4% above forecast. Net individual income tax receipts were above and net corporate franchise and sales taxes below forecast. Other revenues were slightly above forecast. tinyurl.com/y5wr5nv6

Net general fund receipts for February and March estimated at $3.7 billion, 7% above forecast. Net individual income tax receipts were above forecast and net corporate franchise and sales taxes slightly below. Other revenues were slightly above forecast. tinyurl.com/5b6a8rff

New dashboard tracks disruptions and cancellations of federal funding to Minnesota. Learn more. tinyurl.com/ycwhxwz2