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Stable budget outlook projects $3.7 billion surplus now, no deficit in next biennium

The projected surplus for Fiscal Years 2026-27 is now higher than it was in the November estimate, and no deficit is projected for the next biennium.

“Minnesota’s budget outlook has improved amid significant near-term economic and fiscal uncertainty,” according to the February forecast released Friday by Minnesota Management and Budget.

The 2026-27 biennium projected balance is now $3.7 billion, $1.3 billion higher than November estimates. “A slightly improved economic outlook drives a higher revenue forecast largely driven by more volatile sources of revenue,” according to MMB.

However, spending growth is forecast to outpace revenue growth in the projections through Fiscal Year 2029. The projected General Fund balance for the 2028-29 biennium is now $377 million, but “a significant structural imbalance remains. Shifting policies at the federal level and missing or incomplete data due to recent federal government shutdowns introduce significant uncertainty to the projections,” according to MMB.

Read more at Session Daily.

Live Video


Event Schedule

House Commerce Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 8:15 AM
Watch: Live Event
Office of the Attorney General presentation: Minnesota Consumer Data Privacy Act.
HF3794 (Greenman) Surveillance-based price and wage discrimination prohibited.
HF3408 (Kotyza-Witthuhn) Surveillance-based price setting prohibited.


House Veterans and Military Affairs Division
Wednesday, March 4 2026 3/4/2026 8:15 AM
Watch: Live Event
Meals on Wheels presentation.
HF3919 (Cha) Benefits available to veterans of the Secret War in Laos modified, commissioner of veterans affairs directed to establish an eligibility process, and technical changes made.
HF3467 (Rehrauer) Commissioner of veterans affairs allowed to direct agency resources to veterans' initiatives, and reports required.
HF3741 (Hill) Educational assistance for veterans' children and spouses modified, and money appropriated.


House Workforce, Labor, and Economic Development Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 8:15 AM
Watch: Live Event
Implementation of the 2023 Promise Act presentation.


House Human Services Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 8:15 AM
Watch: Live Event
HF3738 (Bierman) Due date of the pediatric hospital-to-home transition pilot program report modified.
HF2295 (Virnig) Dakota County mental health crisis services funding provided, and money appropriated.
HF3520 (Gillman) Intensive residential treatment services and intensive nonresidential rehabilitative mental health services requirements modified, and room and board services specified to be eligible for behavioral health fund payment.
HF3666 (Fischer) Home and community-based services case management modified, waiver case management quality working group established, and reports required.


House DFL Press Conference
Wednesday, March 4 2026 3/4/2026 10:00 AM
Watch: Live Event
Announcing a new affordability agenda.


House Taxes Committee
Wednesday, March 4 2026 3/4/2026 10:15 AM
Watch: Live Event
HF3611 (Finke) State individual income tax subtraction allowed for damage awards.
HF3659 (Hollins) Taxpayers who earned Minnesota-source income while participating in immigration enforcement activities required to file an income tax return.
HF3909 (Hanson) Tax on gross revenues of private detention facilities imposed.


House Legacy Finance Committee
Wednesday, March 4 2026 3/4/2026 10:15 AM
Watch: Live Event
Office of the Legislative Auditor presentation: Department of Natural Resources Outdoor Heritage Fund Grants Performance Audit.
HF3564 (Skraba) Greater Minnesota Regional Parks and Trails Commission provisions modified, and availability of previous grants extended.


House Transportation Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 1:00 PM
Watch: Live Event
HF3576 (Knudsen) Authority for third-party road tests for school bus drivers amended, and technical changes made.
HF3553 (Backer) Vehicle platoon pilot project authorized for certain roads in Wilkin County and Grant County, and report required.
HF3513 (Koznick) Autonomous vehicles regulated.


House Elections Finance and Government Operations Committee
Wednesday, March 4 2026 3/4/2026 1:00 PM
Watch: Live Event
HF3884 (Lee, K.) Tribal governments made eligible recipients of Metropolitan Council grant programs, and technical changes made.
HF3881 (Virnig) Small business contracting requirements modified, report to the legislature on compliance required, and compliance plan requirements for certain public contracts over a threshold amount repealed.
HF3882 (Virnig) Metropolitan Council program requirements modified, reporting requirements modified, Metropolitan Council and regional development commission review of city housing finance programs removed, and technical corrections made.
HF3883 (Freiberg) Water supply planning and reporting requirements clarified.
HF3363 (Freiberg) Campaign Finance and Public Disclosure Board prohibited from posting on its website the street address of an individual disclosed on a campaign report, data classified, political material disclaimer governing laws modified, and local campaign finance report content requirements modified.
HF3362 (Freiberg) Elected officials required to be given access to multiple unit dwellings under certain circumstances.


House Agriculture Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 1:00 PM
Watch: Live Event
Economic consolidation of agriculture presentation.
HF3718 (Anderson, P.H.) Provisions relating to the practice of veterinary medicine and veterinary technology modified.


House Health Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 1:00 PM
Watch: Live Event
National Conference of State Legislatures presentation: Federal H.R.
1 conformity.
HF3439 (Nadeau) Eligibility for medical assistance and expedited disability determinations modified, review of death master file required, and contract requirements for managed care plans provided.
HF3763 (Nadeau) Community engagement requirements for the medical assistance program established.


House Children and Families Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 3:00 PM
Watch: Live Event
Department of Children, Youth, and Families presentation: February 2026 Budget and Economic Forecast.
HF3415 (Sencer-Mura) Access to child care center facilities limited.


House Education Policy Committee
Wednesday, March 4 2026 3/4/2026 3:00 PM
Watch: Live Event
HF3776 (Sencer-Mura) Screen time prohibited for children in preschool and kindergarten.
HF3557 (Kraft) Climate literacy seal established, and report required.
Department of Education presentation: COMPASS Attendance presentation.
HF3585 (Keeler) Interagency Council on Student Attendance established, report required, and money appropriated.


House Housing Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 3:00 PM
Watch: Live Event
HF3806 (Howard) Issuance of housing infrastructure bonds authorized, and money appropriated.
HF2687 (Agbaje) Single-family home ownership restricted for corporate entities, increased deed tax rates on conveyances of single-family homes provided to corporate owners, state portion of revenues dedicated from the increased deed tax rates for the workforce and affordable homeownership program, and statewide landlord database created.
HF497 (Agbaje) Community Mediation Minnesota funding provided for a statewide housing mediation program, and money appropriated.


House Public Safety Finance and Policy Committee
Wednesday, March 4 2026 3/4/2026 3:00 PM
Watch: Live Event
HF962 (Novotny) Peace officers excluded from discipline for inclusion on Brady-Giglio lists, and report required.
HF3541 (Duran) Division of Capitol Security's responsibilities clarified.
HF2936 (Duran) Commissioner of corrections required to submit certain proposed rules for legislative approval prior to implementation.
HF3762 (Witte) Chiefs of police and sheriffs authorized to open certain expunged records to determine eligibility to purchase, receive, or carry a firearm.
HF2879 (Witte) Organized Retail and Supply Chain Crimes Advisory Board established, report required, and money appropriated.


THURSDAY: Session Daily Update
Thursday, March 5 2026 3/5/2026 3:25 PM
Watch: Live Event
Updates from the House.


THURSDAY: House Floor Session
Thursday, March 5 2026 3/5/2026 3:30 PM
Watch: Live Event
House Floor Session

News and Notes

Bill Introductions: HF3814-HF3922

2026 Legislative Session

The 2026 legislative session must conclude by May 18.

Committee deadlines

First and second: March 27 at 5 p.m.: Committees must act favorably on bills in the house of origin and committees must act favorably on bills, or companions of bills, that met the first deadline in the other body.

Third: April 17 at 5 p.m.: Committees must act favorably on major appropriation and finance bills.

Members not seeking re-election

The Legislative Reference Library maintains a list of members who are retiring or seeking other offices.

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