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Operating Budget

Go to:  Current Operating Budget                   Go to: Current Capital Budget

Each odd-numbered year the governor proposes, and the legislature enacts, a two-year  operating budget , often called the Biennial Budget. The budget process for the next biennium begins in July of even-numbered years when Minnesota Management & Budget issues budget instructions to state agencies.

Economic and budget forecasts are issued twice annually in November and February - setting the basis for budget development and legislative actions. The Governor's budget recommendations are released in January of odd-numbered years and the Legislature adopts a final budget during the legislative session.

After the budget is adopted, there are normally five updates per year to state budget data. These releases provide updated information based on:

  • November Budget & Economic Forecast
  • Governors Budget Recommendations (January or February)
  • February Budget & Economic Forecast
  • Revised Governors Budget Recommendations (usually in March)
  • End-of-Session Estimates (usually in May or June)

Even though the budget is enacted for a two-year period,  numbers associated with the budget change with each of these updated budget forecasts, and legislative actions during the normal annual legislative sessions.