Your voice matters: share your input on local government projects now through Nov 30. bit.ly/LocalGovernmen…

Represent your community as a member of @govtimwalz Community Council on Equity and Inclusion. Apply today on the Secretary of State website. #minnesota
bit.ly/CommunityCounc…

The FY22-23 biennium ended with a balance $820 million higher than estimated at session's end. That includes the $630 million overage reported in the October Revenue Update and will increase the projected FY24-25 biennium balance in the next forecast. tinyurl.com/3fyk5fzy

Net general fund receipts for Q1 FY 2024 estimated at $6.4 billion, 6.7% more than forecast in February. Net receipts exceeded projections for all major tax types. S&P Global: U.S. annual real GDP to grow more this year and next than forecast in February. tinyurl.com/4vvun8jf

Net general fund revenues totaled $1.1 billion in August, 5.8% more than forecast. Net individual income, corporate, and other tax revenues exceeded, and net sales taxes nearly matched, the forecast. FY24 receipts
to date are $106 million over forecast. tinyurl.com/3a79y7en

Check out today's Duluth News Tribune article about MN's new child tax credit, which could reduce child poverty by one-third. tinyurl.com/ydeewbm8

General fund net revenues totaled $1.9 billion in July, $45 million (2.5%) above forecast. Net individual and corporate income tax receipts were below forecast, while general sales tax and other revenues were higher than forecast. tinyurl.com/y6hsshjr

We join Gov. Walz and Lt. Gov. Flanagan in thanking departing Commissioner Jim Schowalter for his years of service at MMB and in congratulating MMB Deputy Commissioner Erin Campbell on becoming MMB’s next commissioner effective Aug. 15.

General fund net receipts for FY23 now estimated to total $30.4 billion, 1.8% over February’s forecast. Net income, corporate, and other receipts were above forecast, net sales receipts below. Revenues in Q4 FY22 were 4.1% over February’s forecast. tinyurl.com/2hh8hm35

General fund net revenues totaled $1.9 billion in May, 0.4% below forecast. Net individual income, corporate, and sales tax receipts were below forecast, and other net tax receipts above. FY2023 receipts are now $303 million (1.1%) above forecast. tinyurl.com/ynuwmust

Forbes article focuses on what millennials and Gen Zers want in a workplace–purpose, good salaries, and a commitment to sustainability and diversity, equity and inclusion–all qualities MN state government jobs offer. tinyurl.com/emu3tpc9 mn.gov/mmb/careers/

General fund net revenues totaled $3.7 billion in April, $134 million (3.8%) over forecast. Net individual and corporate tax receipts exceeded forecast; net sales and other tax revenues lagged. Year-to-date receipts now $306 million (1.2%) over forecast. tinyurl.com/7c69pawh

April net general fund receipts for Feb. and March now estimated to total $3.98 billion, $176 million (4.6%) more than forecast. Net receipts for individual income and other taxes exceeded forecast, with sales and corporate taxes falling below forecast. tinyurl.com/2zxwk8v4

twitter.com/GovTimWalz/sta…

February net general fund revenues totaled $1.3 billion, $99 million (7.2%) less than forecast. Net receipts from corporate, sales, and other taxes were lower than forecast, and net income tax revenues higher. tinyurl.com/2jxx5fht

Watch MMB Commissioner Jim Schowalter youtu.be/9BY5IqbbIVs and State Economist Dr. Laura Kalambokidis youtu.be/9JfR3J6jQSU discuss the latest MN budget and economic forecast on Capitol Report.

February 2023 Budget and Economic Forecast documents now available. mn.gov/mmb-stat/000/a…

MN budget and economic outlook stable with $17.5 billion balance projected for next biennium, mostly leftover from current biennium. Individual income and corporate franchise tax forecast up, offset by inflation. Revenues forecast to exceed spending through FY2027.

The February 2023 Budget and Economic Forecast news conference will be streamed live today beginning at 11:45 a.m. thanks to Senate Media, youtube.com/live/LAJIJ0_6W…

Net general fund revenues totaled $2.9 billion in January, $270 million over forecast. Net receipts from individual and corporate taxes exceeded forecast, while net sales and other tax receipts were below forecast. tinyurl.com/26d5m327