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Management & Budget @MMBCommunicates

MMBCommunicates is the communications division of Minnesota Management & Budget

Joined December 2010
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Net general fund revenues totaled $2.1 billion in May, $50 million (2.4%) above forecast. Individual income tax net receipts were above forecast, while net receipts from corporate franchise taxes, general sales taxes and other taxes were below. tinyurl.com/jvabsxu3
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Net general fund revenues totaled $4.3 billion in April, $230 million (5.7%) above forecast. Fiscal Year-to-date receipts are now $27.5 billion, $48 million (0.2%) above forecast. tinyurl.com/5y7n6rx2
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Net general fund receipts for February and March total an estimated $3.8 billion, $182 million (4.6%) under forecast. Net individual and corporate franchise taxes and other revenues were below forecast while sales tax revenues were slightly above. tinyurl.com/2ewesspp
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Net general fund revenues totaled $1.4 billion in February, $16 million (1.1%) below forecast. Net receipts from individual income, corporate franchise, and general sales taxes were below forecast, while other revenues were above. tinyurl.com/3awswtvn
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February 2026 Budget and Economic Forecast documents are now available on MMB’s website. tinyurl.com/yc3du8n9
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The MMB February forecast projects a $3.7 billion balance at the end of the FY26–27 biennium, $1.3 billion higher than November estimates, with a projected $377 million balance in FY28–29 amid an ongoing structural imbalance. tinyurl.com/5t45n6um
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Net general fund revenues totaled $3.6 billion in January, $513 million (16.7%) above forecast. Net receipts from individual income tax, corporate franchise tax, and other revenues were above forecast, and general sales and use taxes slightly below. tinyurl.com/yut3xpee
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Nov.-Dec. net general funds receipts totaled $5.6 billion, 1.2% above forecast. Individual and sales tax receipts where slightly higher than forecast, with corporate franchise taxes slightly below. Other revenues exceeded forecast. tinyurl.com/49ed264h
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Net general fund revenues were $2.1 billion in November, $35 million (1.7%) above forecast. Individual income tax, corporate franchise tax, and other revenues all at or above forecast, general sales tax revenues slightly below. tinyurl.com/4abzzchc
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MMB’s November budget and economic forecast materials are now available online. tinyurl.com/4csdandm
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November forecast shows projected surplus of $2.5 billion in current biennium. Higher health care costs and slow economic growth drive increase structural imbalance in FY 2028-29 to a negative $2.960 billion. Total general fund reserves remain strong at $3.8 billion.
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Net general fund revenues were $2.534 billion in October, $26 million (1.0%) below forecast. Individual and corporate franchise taxes were below forecast, with general sales taxes and other revenues above. tinyurl.com/9w2b5edt
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Net general fund receipts for Q1 FY 2026 estimated at $7.7 billion, $90 million (1.2 %) less than forecast. Net receipts for individual income tax, sales tax, and other revenues were above forecast while corporate franchise tax revenues were below. tinyurl.com/4b5rzd8y
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For the fourth year in a row, all three major rating agencies give Minnesota bonds top marks, underscoring strong confidence in the state’s fiscal management, stable outlook, and responsible budgeting practices. tinyurl.com/sjh285x4
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x.com/GovTimWalz/status/1966… MMB Commissioner Erin Campbell was honored to join Governor Walz and other cabinet members at Pine Bend Elementary this week to emphasize work across the administration to make Minnesota the best place in the nation to raise kids.

Governor Tim Walz
@GovTimWalz
12 Sep 2025
Making Minnesota the best state for kids is the guiding principle of all of the work that we do. I convened my Cabinet at Pine Bend Elementary school to talk about how we deliver on that commitment.
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Net general fund revenues were $2.1 billion in August, $86 million (4.2%) above forecast. Individual income and sales tax and other revenues were above forecast. Fiscal year-to-date receipts are now $4.3 billion, $22 million (0.5%) above forecast. tinyurl.com/yw6383tz
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Net general fund revenues totaled $2.2 billion in July, $62 million (2.8%) under forecast. Net individual and corporate income tax receipts were lower than forecast, while net sales tax receipts and other revenues were slightly higher. tinyurl.com/yc4n4kfm
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Net FY 2025 general fund revenues estimated to total $31.9 billion, $847 million (2.7 %) over forecast. Net income tax was above forecast while net corporate tax, sales tax, and other revenues were below. tinyurl.com/mu2ab4fy
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Net general fund revenues totaled $2.1 billion in May, $23 million (1.1%) above forecast. Net receipts from individual income and corporate franchise taxes were higher than forecast while net sales tax and other revenues were lower. tinyurl.com/yu743e27
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Net general fund receipts for April estimated at $3.815 billion, 11.4% above forecast. Net individual income tax receipts were above and net corporate franchise and sales taxes below forecast. Other revenues were slightly above forecast. tinyurl.com/y5wr5nv6
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