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Recently on our blog…- Constitutional amendment could risk Minnesota’s credit rating February 21, 2012 Scott Russell
- National study calls supermajority amendments a ‘bad idea’ February 16, 2012 Nan Madden
- Proposal asks Minnesota’s renters to pay the price to end business property tax February 10, 2012 Scott Russell
- One likely unintended consequence of a supermajority amendment February 8, 2012 Nan Madden
- Momentum against constitutional budget amendments is building February 2, 2012 Barb Brady
Monthly Archives: January 2010
State's budget reserve should be at $1.3 billion
The Minnesota Budget Project has long joined with other experts (such as the state’s Council of Economic Advisors and the State Budget Trend Study Commission) in arguing that the state needs a more robust budget reserve to help us through … Continue reading
Many states raise taxes to help balance budgets
Policymakers in 30 states passed tax increases last year, according to a July 2009 report by the Center on Budget and Policy Priorities. Those include states with both Republican and Democratic governors, who took balanced approaches to resolving their state’s budget … Continue reading
Final health care reform on fast track; nonprofits need to speak up
Democratic Congressional leaders are putting together the final health care reform bill. The Obama administration is hoping Congress will pass a final health care reform bill in time for the President’s State of the Union address now expected the first week … Continue reading
Posted in Federal Budget, Health Care
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Governor’s supplemental budget expected before session starts
According to Minnesota Management and Budget (MMB) commissioner Tom Hanson, the Governor hopes to release his supplemental budget “no later than before that first week of session.” The legislative session begins Wednesday, February 4. That’s not soon enough for legislative leaders. At … Continue reading
Governor's supplemental budget expected before session starts
According to Minnesota Management and Budget (MMB) commissioner Tom Hanson, the Governor hopes to release his supplemental budget “no later than before that first week of session.” The legislative session begins Wednesday, February 4. That’s not soon enough for legislative leaders. At … Continue reading
State’s cash flow problems may lead to temporary delays in school payments
Minnesota has a cash flow problem to go along with its $1.2 billion deficit problem. And it’s a good bet that the state will try to solve it, at least in part, by additional delays in school aid payments this spring … Continue reading
State's cash flow problems may lead to temporary delays in school payments
Minnesota has a cash flow problem to go along with its $1.2 billion deficit problem. And it’s a good bet that the state will try to solve it, at least in part, by additional delays in school aid payments this spring … Continue reading
State revenues on track with forecast so far
Earlier in the month, I was asked what the chances are that the February Forecast would be worse than the November Forecast, which estimates a $1.2 billion shortfall in the current FY 2010-11 biennium and a projected $6.6 billion deficit … Continue reading
States have seen worst revenue drop in decades
The state of Minnesota is not alone in its revenue problems, according to a new study from the Rockefeller Institute. “The first three quarters of 2009 were the worst on record for states in terms of the decline in overall … Continue reading
Analysis of the November forecast: job and wage losses driving deficits
Minnesota’s economy is starting to heal, but it is going to be a long, slow recovery according to the state’s most recent budget forecast (released early in December). Minnesota is estimated to have a new $1.2 billion shortfall in the … Continue reading
Posted in Budget Process, Economy
Tagged budget, budget deficit, forecast, unemployment
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