Information on state government finances. Find information on the biennial operating budgets, capital budgets, economic forecasts and updates, state budget summary information and individual and business tax information.
State Budgets Home Page
The State of Minnesota operates on a two year budget cycle (or a biennium as it is referred to in state government). State fiscal years begin on July 1 and end the following June 30. The fiscal year is designated by the calendar year in which it ends. The budget process for the next biennium begins in July of the preceding year when the Department of Finance issues budget instructions to state agencies.
State Operating Budget
Each odd numbered year the governor proposes, and the legislature enacts, the Operating Budget, often called the Biennial Budget, for the State of Minnesota. This budget is for a two year period (biennium) beginning in the year the budget is adopted. The budget includes expenditures for education, health care, public safety, housing, natural resources, agriculture, economic development, as well as dollars to state agencies and local units of government.
State Capital Budget
Capital budgets and their associated bonding bills are primarily funded through the issuance of state general obligation bonds. Items funded in capital budgets often include land acquisition, construction and repair of state buildings, state infrastructure, higher education facilities, and capital grants to schools and local governments.
State Economic Forecasts
The Department of Finance prepares formal forecasts of state revenues and expenditures in November and February each year as required by state law. Quarterly Economic Updates are also prepared in January, April, July, and October each year. These updates are not formal forecasts but report on year-to-date revenue collections compared to previous forecasts, and make note of any significant economic or revenue developments that have occurred since the last formal forecast.
Revenue manages the states revenue system. Functions include the administration of 28 different taxes, interprets and enforces the tax laws, provides taxpayers both individuals and businesses with forms, processes tax returns/payments, and auditing.
Business Tax Issues
Information on this website is intended to help your business comply with state tax laws.
Individual Tax Issues
Information on this web site is intended to help you file your Minnesota individual income and related taxes.
Information in this section is intended to help tax preparers, legal professionals, software developers, policy professionals, property tax administrators and a section for volunteer opportunities.
Tax Laws and Rules
Find the latest tax laws, proposed rules, Department of Revenue notices and bulletins.