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.
Session Daily
Split vote blocks House fraud panel's attempt to subpoena U.S. Rep. Omar (5/5/2026 6:56:00 PM) Legislation to expand Medicaid fraud investigation unit heads to House Floor (5/5/2026 6:03:00 PM) Ways and Means Committee amends bill aimed at reducing improper disposal of infectious waste (5/5/2026 3:26:00 PM) House lawmakers consider updated sales tax plan to aid Hennepin Healthcare (5/5/2026 1:59:00 PM) Economic development bill that revamps state grants clears House (5/4/2026 9:28:00 PM) House OKs $15.4 million supplemental public safety package (5/4/2026 9:15:00 PM) House passes higher ed package that leaves $131 million aid shortfall unaddressed (5/4/2026 7:39:00 PM) Budget-neutral housing bill targets expanding affordable units (5/4/2026 6:32:00 PM) Bipartisan bill aims to boost distribution of dollars from state's Permanent School Fund (5/4/2026 6:14:00 PM) Minnesota lawmakers move to expand recognition, benefits for Secret War veterans (5/4/2026 4:04:00 PM) House passes bill to boost state service pay for National Guard members (5/4/2026 3:07:00 PM)
Photography
This week's slideshow,
photo gallery and
Capitol area images
Live Video
Event Schedule
House/Senate Press Conference
Wednesday, May 6 2026 5/6/2026 10:00 AM
Watch: Live Event
Call for continued state investment in lead water line replacement.
Session Daily Update
Wednesday, May 6 2026 5/6/2026 10:55 AM
Watch: Live Event
Updates from the House.
House Floor Session
Wednesday, May 6 2026 5/6/2026 11:00 AM
Watch: Live Event
CALENDAR FOR THE DAY.
HF4195 (Kotyza-Witthuhn) Youth intervention program grants modified.
SF2814 (Huot) Disciplinary sanction matrix establishment.
HF4240 (Freiberg) Elections; various changes made related to election administration, absentee voting, timelines, and technical and clarifying changes; and money appropriated.
HF4348 (Kraft) Thermal energy networks designated as public improvements and waterworks.
HF4242 (Freiberg) Provisions governing disposition of decedents' personal property by coroners and medical examiners modified.
HF82 (Huot) Athletic trainer scope of practice clarified.
SF4244 (Scott) Miscellaneous technical corrections to laws and statutes.
SF3432 (Moller) Safety and security measures appropriation.
SF1714 (Scott) Public contracts payment transparency requirement provision.
HF4482 (Huot) State historic site contracts permitted.
HF3554 (Nash) January designated as Snow Professionals Appreciation Month.
SF3637 (Joy) Optometrists prescribing of certain window glaze materials authorization clarification provision.
House Ways and Means Committee
Wednesday, May 6 2026 5/6/2026 12:00 PM
Watch: Live Event
HF5074 (Frederick) Settlement of certain claims provided, and money appropriated.
HF3093 (Greenman) Minimum eligibility criteria enhanced for state grants, and sworn certification of compliance required.
HF4203 (Hanson) Studies and an annual market analysis conducted by the Office of Cannabis Management modified, and reports required.
THURSDAY: House Floor Session*
Thursday, May 7 2026 5/7/2026 1:00 PM
Watch: Live Event
*Time of convening is not yet set.
CALENDAR FOR THE DAY.
HF3131 (Franson) Issuance of cancer-related disability parking certificates authorized.
HF3295 (Gordon) Open Meeting Law; meeting broadcasting through social media authorized.
HF3298 (Mekeland) Reimbursement program established for underground petroleum storage tank systems with pressurized single-walled steel piping.
HF3682 (Nash) Grantee fraud risk rating system and corresponding grants management required, and money appropriated.
HF4102 (Koznick) State Patrol compensation study requirements modified, and volunteer chaplains allowed within the state patrol.
HF4591 (Nash) Noncommercial radio station grants eligibility modified.
SF856 (Norris) Office of the Inspector General creation and appropriation.
SF4612 (Bierman) Omnibus Health and Human Services supplemental appropriations.
News and Notes
Bill Introductions: HF5112-HF5118
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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