State of Minnesota Updated Budget Projection May 5

ST. PAUL – Minnesota Management and Budget (MMB) Commissioner Myron Frans, State Economist Dr. Laura Kalambokidis, and State Budget Director Britta Reitan will present an updated budget projection for FY 20-21 on Tuesday, May 5, 2020. Governor Tim Walz will speak immediately after Commissioner Frans.

This budget projection will provide limited updated estimates of expected revenues and expenditures for the current biennium, including any appropriations already enacted this legislative session. Since MMB released the February forecast, economic conditions have dramatically weakened, and government costs related to COVID-19 have increased. A new budget outlook and any projected surplus or deficit for FY 20-21 will also be released.  

What: Updated Budget Projection for FY 20-21
Where: The briefing will be available live on the Governor's YouTube Live page here. Media outlets can also carry the address using a LiveU pool feed.
When: Tuesday, May 5 at 2:00 p.m.

Note to press: MMB will post a summary of the updated budget projection around 11:30 a.m. To receive this information:

• Follow MMB on Twitter and Facebook
• Visit MMB’s website at mn.gov/mmbmn.gov/mmbmn.gov/mmbmn.gov/mmb

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Media Contact:
Chris Kelly, Minnesota Management and Budget
Phone: 651-259-3692
Email: chris.kelly@state.mn.us