State projects
$1.871 billion forecast balance; $1.206 billion
after allocations to reserves and repayments
ST. PAUL, Minn.—Minnesota’s budget outlook has improved from
previous estimates despite a weaker economic outlook. Minnesota
Management and Budget now projects a forecast balance of $1.871 billion, up
from $865 million at the end of session. $665 million is allocated to
reserves and repayments, leaving an available balance of $1.206 billion for
fiscal year 2016-17.
Press Conference
Today
Minnesota Management and Budget Commissioner Myron Frans,
State Economist Dr. Laura Kalambokidis, and State Budget Director Margaret
Kelly will review details of the State of Minnesota November Budget and
Economic Forecast later today:
December 3 at 11:15 a.m.
Minnesota Department of Revenue
Skjegstad Room (on Second Floor)
600 N. Robert Street
St. Paul, MN 55101
View directions and parking
information on Revenue's website.
More information
We will send out and post full materials on our website around 11 a.m.
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Media Contact: Janelle Tummel, 651-259-3742
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