🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Minnesota’s net general fund receipts for FY24 now estimated to total $30.2 billion, $421 million more than forecast in February. Net income, corporate, and other receipts were above, and net sales receipts slightly (0.4%) below the forecast. tinyurl.com/276m7j59

All three major credit rating agencies rate Minnesota’s bonds as AAA, among the highest in the nation, and give the state high marks for financial management. tinyurl.com/mwfv32rv

Net general fund revenues totaled nearly $2 billion in July, $9 million (0.5%) more than forecast. Net individual, corporate income, and other tax receipts were all higher than forecast, while net sales tax receipts were lower. tinyurl.com/4rt3mv3p

Net general fund revenues totaled $2.2 billion in August, 9.1% more than forecast in February. Receipts for individual income tax, general sales tax, and other revenues are above forecast, while corporate franchise tax receipts are slightly below forecast. tinyurl.com/3mjk3xa3

Net general fund receipts for Q1 FY2025 estimated at $7.6 billion, $234 million (3.2%) above February’s forecast. Net receipts for individual income tax and other revenues were above forecast with corporate and sales tax revenues below. tinyurl.com/y5nteczn

Net general fund revenues totaled $2.5 billion in October, 1% above forecast. Other Revenues were above forecast, more than offsetting below-forecast net sales tax receipts. Individual income and corporate franchise receipts were near forecast. tinyurl.com/5yz7vjv7

Results for America just named Minnesota one of two Platinum-Certified states for our use of data and evidence to drive results and #InvestInWhatWorks!

MMB forecasts a $616 million balance at end of FY26-27 biennium, $1.1 billion less than prior estimates. Projected reductions in income and sales tax revenues and higher spending for long-term care and special education=growing structural imbalance throughout the forecast period.

All materials related to MMB's November Budget and Economic Forecast are now available on MMB's website. Budget and Economic Forecast / Minnesota Management and Budget (MMB)

November net general fund revenues totaled $2.1 billion, $80 million (3.8%) under forecast. Individual income tax, corporate franchise tax, and other revenues were below forecast. General sales tax revenues were higher. tinyurl.com/3verwa5d

Net general fund receipts for Nov. and Dec. 2024 are estimated at $5.6 billion, $380 million (7.2%) above forecast. Net receipts for individual and corporate income taxes and sales and use taxes were above forecast, with other revenues slightly below. tinyurl.com/yvbddavx

Net general fund revenues were $3.1 billion in January, $64 million (2%) under forecast. Net receipts from individual income and corporate franchise taxes were below forecast while general sales taxes and other revenues were above. tinyurl.com/mr2b7y9v

MN budget outlook adjusted downward amid economic, fiscal uncertainty. FY 26-27 projected balance now $456 million, $160 million lower than prior estimates. Projected FY 2028-29 general fund shortfall now $5.995 billion, $852 million worse than Nov. estimates.

New dashboard tracks disruptions and cancellations of federal funding to Minnesota. Learn more. tinyurl.com/ycwhxwz2

Net general fund receipts for February and March estimated at $3.7 billion, 7% above forecast. Net individual income tax receipts were above forecast and net corporate franchise and sales taxes slightly below. Other revenues were slightly above forecast. tinyurl.com/5b6a8rff

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

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