Feb. 29 - MMB Releases February Budget Forecast

MMB Commissioner Erin Campbell reveals during the release of the February budget forecast that Minnesota will now have a $3.7 billion surplus. That is a $1.3 billion increase over the November budget forecast. MMB is urging legislators to restrain spending during the 2024 session.

Gov. Tim Walz tells reporters during the February budget release that the state’s economy is humming and Minnesota’s future economy is in a good position.

House Minority Leader Lisa Demuth listens to MMB staff before reacting to the release of the February budget forecast.

Lt. Gov. Peggy Flanagan, left, listens to Gov. Tim Walz as Speaker Melissa Hortman, center and Senate Majority Leader Erin Murphy, right, listen and wait to react to the release of the February budget forecast.