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Minnesota's $3.7B Surplus: Caution Amid Uncertainties

2/28/2026

44 10 Full Breakdown

Summary

Story summary

Minnesota's budget forecast shows a $3.7 billion surplus for the 2026-27 fiscal year, up from previous estimates.
Officials warn uncertainties persist due to potential federal funding cuts, especially in Medicaid.
The forecast also reflects rising revenue from capital gains.
Tim Walz, the outgoing governor of Minnesota, emphasized fiscal caution.
Lisa Demuth, Speaker of the Minnesota House, called for accountability regarding program fraud.

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Story summary

Minnesota's budget forecast shows a $3.7 billion surplus for the 2026-27 fiscal year, up from previous estimates.
Officials warn uncertainties persist due to potential federal funding cuts, especially in Medicaid.
The forecast also reflects rising revenue from capital gains.
Tim Walz, the outgoing governor of Minnesota, emphasized fiscal caution.
Lisa Demuth, Speaker of the Minnesota House, called for accountability regarding program fraud.