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MN budget surplus dropped by $1.1 billion, projected $5B deficit in following years
An updated forecast from Minnesota Management and Budget projects a surplus of $616 million in the two-year budget period through June 2025.
MN set to have $616 million surplus, but $5.1 billion deficit looms in years ahead
Minnesota is poised to have a $616 million surplus in the upcoming two-year budget cycle, but the state Department of Management and Budget warned Wednesday that a $5.1 billion deficit could come in the following two years if current revenue and spending trends hold.
Minnesota's projected budget surplus shrinks to $616 million
Minnesota budget officials are cautioning of a "growing structural imbalance" that could put the state in the red in future years. The latest: The warning comes after state economists released an updated forecast showing a $616 million surplus at the end of the next two-year budget cycle,
Modest budget surplus overshadowed as Minnesota projects $5 billion deficit down the line
Minnesota budget officials on Wednesday projected a surplus of $616 million for the next two-year budget cycle, and a multibillion-dollar deficit looming in the following years. The modest surplus was overshadowed by the revelation that Minnesota could face a projected $5.
10h
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan ...
7h
Minnesota budget surplus forecasted at $616 million, but warning signs linger
State budget forecasters project extra money on the state's bottom line in the next two years but there are warning signs of ...
LIVE
15h
Pledge to scrap two-child benefit cap as Scottish Budget is unveiled
The Fraser of Allander Institute has estimates that it would cost £220m to replicate the business rates relief in Scotland - ...
2h
Budget shortfall causes layoffs at Kingfisher Public Schools
Budget issues and a hefty settlement are causing layoffs at Kingfisher Public Schools, making the small Oklahoma district ...
KSTP-TV
4h
Latest state budget forecast released with a short-term surplus of $616 million
Back in February, the state budget forecast showed a surplus of $3.7 billion, but the budget office said nearly all of the ...
5h
San Francisco expects $876 million budget gap, warns of cuts
San Francisco is projecting a $876 million budget shortfall over the next two fiscal years, prompting Mayor London Breed to ...
11h
on MSN
Five key takeaways from the Scottish Budget
A vow to scrap the two-child benefit cap and changes to basic and intermediate tax thresholds are among the plans for the ...
16h
on MSN
Intel Launches Arc B-Series Graphics Cards for Budget Gamers
Intel has announced its next-generation Arc B-series desktop graphics cards, based on its new Xe2 architecture dubbed ...
2d
France’s Government Faces a No-Confidence Vote Over Budget Bill
Prime Minister Michel Barnier pushed a budget bill through the lower house of Parliament without a vote. A no-confidence vote ...
11h
What’s in the Scottish Budget… in 85 seconds
Scotland’s finance secretary, Shona Robison, has set out her tax and spending plans for the next financial year. BBC ...
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