Feb. 27 - February Budget Forecast

Minnesota Management and Budget (MMB) Commissioner Jim Schowalter presents the February Budget Forecast which is nearly unchanged from the November forecast at $17.5 billion. This budget forecast takes into account inflation which the legislature mandated early in the session.

State Economist Dr. Laura Kalambokidis presents her portion of the budget forecast.

Budget Director Ahna Minge presents her portion of the budget forecast.

Gov. Tim Walz and Lt. Gov. Peggy Flanagan listen as MMB Commissioner Jim Schowalter takes questions from the media during the release of the Feb. Budget Forecast.

MMB Commissioner Jim Schowalter answers a question from the media during the release of the Feb. Budget Forecast.

MMB staff listen as Gov. Tim Walz addresses the release of the Feb. Budget Forecast and $17.5 billion surplus with members of the media.

Senate Majority Leader Kari Dziedzic and House Speaker Melissa Hortman listen as Gov. Walz takes questions during the release of the Feb. Budget Forecast.

Gov. Tim Walz answers a question during the media briefing of the Feb. Budget Forecast.

House Speaker Melissa Hortman addresses the release of the Feb. Budget Forecast during a briefing of the media. House Majority Leader Jamie Long and Senate Majority Leader Kari Dziedzic join Speaker Hortman on the podium.

Senate Majority Leader Kari Dziedzic addresses the release of the Feb. Budget Forecast during a briefing to the media. House Majority Leader Jamie Long and Speaker Melissa Hortman join Senate Majority Leader Dziedzic on the podium.

Majority Leader Kari Dziedzic and House Speaker Melissa Hortman had to smile while taking a question about the $17.5 billion budget surplus during the release of the Feb. Budget Forecast to the media.