Sen. Rest

Senator Rest responds to Minnesota’s February budget forecast

The February budget forecast from Minnesota Management and Budget was presented today with a budget and economic forecast projecting a positive balance of $1.6 billion for the FY 2022-23 biennium. Minnesota’s budget outlook is significantly better for this biennium and the next due to an improved U.S. economic outlook that is bolstered by large federal actions that have emerged since November and were not incorporated in earlier projections.