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MINNESOTA

Minnesota

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1


      The current state budget can be found here.  

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      MN Gov Dayton

      Gov. Mark Dayton
      130 State Capitol
      75 Rev. Dr. Martin Luther King, Jr. Boulevard
      St. Paul, MN 55155
      Phone: (651) 296-3391
      Fax: (651) 296-2089
      http://www.governor.state.mn.us/

       

       

       

       

      Jim Schowalter, Commissioner
      Minnesota Management and Budget
      658 Cedar Street
      400 Centennial Building
      St. Paul, MN 55155
      Phone (651) 296-5900
      Fax (651) 296-8685 
      www.mmb.state.mn.us

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Minnesota is required to pass a "balanced budget." Section 16A.11, Subdivision 2 of the State law requires the governor to present the biennial budget summary, setting forth the "balanced relation between the total proposed expenditures and the total anticipated income". Section 16A.156 provides the governor and relevant commissioner(s) must reduce expenditures if probable receipts for the general fund will be less than anticipated. Minnesota law forbids the carrying over of a deficit from one year to the next. Such requirements did not prevent the State from reporting budget deficits (negative net transactions) for two of the three years inspected.

       

      The State maintains 28 individual funds, two of which are reported as major: the General Fund and Federal Fund. The only funds budgeted are the General Fund and non-major Special Revenue Funds. This is also evident from the State's annual reports that there are significant differences between actual and budgeted figures.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.