ST. PAUL — Minnesota’s November budget forecast on Wednesday showed a positive $616 million balance for the end of the 2026-27 biennium and a projected $5 billion deficit for the 2028-29 fiscal year.

ST. PAUL — A shrinking surplus coming into 2026 and a $5 billion deficit ahead in 2028 raise important questions about how and why Minnesota has arrived at this point after an $18 billion surplus in ...

Minnesota is spending more than it generates in revenue, and slow economic growth, increased spending are driving up costs.

A new economic forecast for the Minnesota state budget projects a $616 million surplus through the 2026-27 biennium budget. This is a decrease of $1.1 billion compared to previous estimates.

Minnesota’s budget outlook has flipped from a record surplus to a projected $6 billion deficit down the line. The shortfall projected for the state’s 2028-2029 budget cycle will almost certainly ...

Minnesota’s modest projected budget surplus for the next two years has dropped to $456 million, lower than the last estimate, and a projected deficit for the following two years has grown to nearly $6 ...

Minnesota state economists Wednesday projected that the surplus for the next state budget will be $616 million, far less than legislators have become accustomed to and signaling a less-ambitious ...

The release of the February budget forecast last week started a second round of blame games. A new candidate, President Donald Trump’s chaotic policymaking, is seemingly now in the middle. At some ...