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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 Floor Session
Tuesday, April 7 2026 4/7/2026 12:15 PM
Watch: Live Event
MOTIONS AND RESOLUTIONS.
Motion to suspend House Rules in order to take up HF2685 (Knudsen) Athletic team designations based on biological sex at birth required.


House Environment and Natural Resources Finance and Policy Committee: Will meet at the call of the Chair
Tuesday, April 7 2026 4/7/2026 1:00 PM
Watch: Live Event
HF4787 (Heintzeman) Crow Wing County easement required to be granted.
HF4261 (Heintzeman) Motorboat operator provisions modified; game and fish license, reporting, and penalty provisions modified; penalties for false statements and alterations of applications, licenses, permits, and registrations created; invasive species provisions modified; and other natural resources provisions modified.
HF4264 (Heintzeman) Permitting efficiency provisions modified.
HF4263 (Heintzeman) Natural resources; reporting requirements modified to improve efficiency.


House Education Finance Committee: Will meet at the call of the Chair
Tuesday, April 7 2026 4/7/2026 1:00 PM
Watch: Live Event
Special Education Enrollment and Expenditures.
Special Education Forecasting.
Special Education Evaluation and Identification.
Blue Ribbon Commission on Special Education update.
HF4114 (Bakeberg) Contingent reduction in special education aid appropriations repealed.


House Energy Finance and Policy Committee: Will meet at the call of the Chair
Tuesday, April 7 2026 4/7/2026 1:00 PM
Watch: Live Event
HF4560 (Acomb) Technical and clarifying changes to statutes related to Public Utilities Commission made.
HF4559 (Acomb) Commissioner of commerce's ability to enter into energy research partnerships or compacts expanded, energy security planning provided, and various energy-related grant programs extended and modified.
HF2317 (Kraft) Wastewater treatment facility heat capture pilot program funding provided, and money appropriated.
HF3179 (Jones) Certain buildings required to meet energy performance standards, reports required, and money appropriated.


House Housing Finance and Policy Committee
Tuesday, April 7 2026 4/7/2026 3:00 PM
Watch: Live Event
Minnesota Housing presentation: Budgetary process overview.
SF2434 (Draheim) Certain Housing development fund expenditure provisions modifications and certain Minnesota Housing Finance Agency allowed expenditures repealer provision.


House Public Safety Finance and Policy Committee
Tuesday, April 7 2026 4/7/2026 3:00 PM
Watch: Live Event
HF1082 (Moller) Minnesota victims of crime account established, grants provided to crime victim service providers, fees and penalties for deposit in account increased, and money transferred from general fund to account.
HF2099 (Johnson, P.) Local government emergency management provided, reports required, and money appropriated.
HF2742 (Frazier) Minnesota clearance grant program provided, law enforcement agency solve rate of crimes involving nonfatal shootings increased, and money appropriated.
HF4177 (Frazier) Independent Use of Force Investigations Unit funding increased, and money appropriated.


House Fraud Prevention and State Agency Oversight Policy Committee
Tuesday, April 7 2026 4/7/2026 5:00 PM
Watch: Live Event
Behavioral Health Administration Grants Performance Audit.
Investigations of Alleged Kickbacks in the Early Intensive Developmental and Behavioral Intervention Program.


House Ways and Means Committee
Tuesday, April 7 2026 4/7/2026 5:15 PM
Watch: Live Event
HF3475 (Hansen) Per diem compensation modified for Minnesota Agricultural Education Leadership Council officers and Agricultural Utilization Research Institute board of directors.
SF3832 (Nelson) Eligibility for the Dairy Assistance, Investment, Relief Initiative (DAIRI) program modified.
HF3917 (Mahmoud) Medication repository program procedures modified, and an appropriation modified.
HF3404 (Klevorn) Criminal penalty for impersonating a peace officer increased, crime of impersonating a peace officer while possessing a firearm established, enhanced penalties established, persons presenting as peace officers required to fulfill duty to identify, and criminal penalties established.
HF3593 (Jacob) Zumbrota; portion of marked Trunk Highway 58 designated as "Officer/Firefighter Gary L Schroeder, Jr Memorial Highway".


THURSDAY: House Floor Session*
Thursday, April 9 2026 4/9/2026 3:30 PM
Watch: Live Event
*Time of convening has not yet been set.
CALENDAR FOR THE DAY.
HF3516 (Schomacker) Dentistry profession licensure, registration, scope of practice, continuing education, and disciplinary grounds modified; and fees established.
HF3528 (Sexton) Board of Barber Examiners provisions modified.
HF3718 (Anderson, P.H.) Provisions relating to the practice of veterinary medicine and veterinary technology modified.
SF3402 (Virnig) Professions that may serve as a medical consultant for a community health board modified.
SF3602 (Niska) Uniform Electronic Estate Planning Documents Act enacted.


APRIL 28: GOV. TIM WALZ “STATE OF THE STATE” ADDRESS
Tuesday, April 28 2026 4/28/2026 7:00 PM
Watch: Live Event
Governor Tim Walz is set to deliver his "State of the State" address before a Joint Convention of the House and Senate.


News and Notes

Bill Introductions: HF4791-HF4867

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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