March 15, 2021

Minnesota Legislative Update: COVID-19 Restriction Changes and Economic Forecast

In late February 2021, Governor Tim Walz and Minnesota Management and Budget officials released Minnesota’s February Economic and Budget Forecast. The budget forecast revealed a $1.571 billion surplus for the Fiscal Year 2022-23 biennium compared to a nearly $1.3 billion deficit projection in November.

For a breakdown of key reasons of this $2.7 billion projection swing — plus Governor Walz’s latest revisions to the state’s COVID-19 restrictions — view our legislative update infographic.

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.