Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

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 Ways and Means Committee
Monday, April 27 2026 4/27/2026 10:15 AM
Watch: Live Event
Adoption of House Budget Resolution.
HF3732 (Pinto) Workforce, labor, and economic development policy and finance.
HF2441 (Pinto) Labor and industry finance and policy.
HF4223 (Elkins) Strengthen Minnesota homes program modified, and money appropriated.
HF4195 (Kotyza-Witthuhn) Youth intervention program grants modified, and appropriations modified.
HF3532 (Olson) Eligibility for burial in state veterans cemeteries modified.
HF3230 (Moller) Public safety radio and crime victims account established, report required, and money appropriated.


Session Daily Update
Monday, April 27 2026 4/27/2026 12:55 PM
Watch: Live Event
Updates from the House.


House Floor Session
Monday, April 27 2026 4/27/2026 1:00 PM
Watch: Live Event
CALENDAR FOR THE DAY.
HF1794 (Virnig) Advanced practice registered nurse postgraduate collaborative practice requirements removed.
HF3295 (Gordon) Open Meeting Law; meeting broadcasting through social media authorized.
HF3489 (Bennett) Field trip policy established, reporting to licensing boards required, criminal offense of grooming established, and money appropriated.
HF3589 (Gordon) Voter permitted to briefly leave a polling place to address an unexpected need, at the discretion of the head election judge.
HF3719 (Gordon) Campaign Finance and Public Disclosure Board required to conduct a study and administer a pilot project related to the use of the campaign finance reporting software by local candidates, and report required.
HF3832 (Zeleznikar) Definition of compounding of a drug amended to exempt the use of a flavoring agent.
HF3917 (Mahamoud) Medication repository program procedures modified, and an appropriation modified.
HF4146 (Igo) Temporary authority to store drill cores outside the drill core library provided.
HF4224 (Fischer) Notice requirements for water discharges modified.
HF4239 (Freiberg) Lobbying material; certain requirements for reports and disclaimers modified.
HF4455 (Lee, L.) Ramsey County human resources personnel structure terminology updated, certain positions adjusted to unclassified service for consistency with other similar positions, obsolete language repealed, and technical changes made.
HF4493 (Baker) Pharmacists authorized to initiate, prescribe, administer, and dispense drugs for the treatment of opioid use disorder; and grounds for disciplinary action for pharmacists and pharmacist interns modified.
HF4595 (Schomacker) Requirements for licensure by reciprocity for marriage and family therapists modified.
SF1251 (Heintzeman) Expiration removal of crossbow hunting and fishing allowance.
SF3868 (Koegel) Virtual currency kiosks prohibition provision.
SF3887 (Bakeberg) Watershed districts, watershed management organizations, and towns permission to self-insure for certain employee health benefits.


TUESDAY: House Rules and Legislative Administration Committee
Tuesday, April 28 2026 4/28/2026 10:00 AM
Watch: Live Event
Calendar for the Day: Thursday, April 30.
HFXXXX (Hollins) Universal pretrial release provided except in certain circumstances, monetary bail prohibited, and constitutional amendment proposed.


TUESDAY: House Taxes Committee
Tuesday, April 28 2026 4/28/2026 10:15 AM
Watch: Live Event
HF4769 (Davids) Trade or business income apportionment; foreign sales factors required in apportionment percentage of certain taxpayers.
HF3172 (Anderson, P.H.) Rebate from the solid waste management tax for materials removed from the waste stream for recycling, composting, or reuse required; and money appropriated.
HF4949 (Zeleznikar) Sports and events reimbursement program established, and reports required.
HF4923 (Johnson, W.) Cottage Grove; refundable exemption provided for construction material for clean water infrastructure.
HF2823 (Burkel) Independent School District #561, Goodridge; refundable sales and use tax exemption provided for construction materials for certain projects.


TUESDAY: House Health Finance and Policy Committee
Tuesday, April 28 2026 4/28/2026 1:00 PM
Watch: Live Event
Hennepin County Medical Center finances presentation.
Shutdown of UCare and outstanding debts presentation.
Legislative solutions discussion.


TUESDAY: House Fraud Prevention and State Agency Oversight Policy Committee
Tuesday, April 28 2026 4/28/2026 1:15 PM
Watch: Live Event
Minnesota’s Child Care Assistance Program discussion.


TUESDAY: House Ethics Committee
Tuesday, April 28 2026 4/28/2026 4:00 PM
Watch: Live Event
Adopt Ethics procedure.


TUESDAY: Session Daily Update*
Tuesday, April 28 2026 4/28/2026 5:55 PM
Watch: Live Event
* Start time is five minutes prior to start of House Floor Session.
Updates from the House.


TUESDAY: House Floor Session*
Tuesday, April 28 2026 4/28/2026 6:00 PM
Watch: Live Event
*Time of convening has not yet been set.


TUESDAY: Session Daily Update*
Tuesday, April 28 2026 4/28/2026 6:20 PM
Watch: Live Event
* Start time is immediately after Floor Session activity concludes.
State of the State Preview with House leaders.


TUESDAY: Joint Convention of the House and Senate*
Tuesday, April 28 2026 4/28/2026 6:45 PM
Watch: Live Event
* Start time is approximately 6:45 p.m.

TUESDAY: 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: HF5067-HF5073

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.

Stay informed

Follow us on social media: Twitter, Facebook and YouTube.

Follow that bill

You can follow bills throughout the legislative process by signing up for MyBills, a personalized way to track House and Senate bills by number. Find more information on how to follow House and Senate bills here

Resources

Want to contact your U.S. representative, the governor or a state agency? Click here for a roster of federal and state contacts.