Minnesota state budget (2008-2009): Difference between revisions

From Ballotpedia
Jump to: navigation, search
No edit summary
No edit summary
Line 62: Line 62:


*NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
*NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
Gov. Pawlenty's executive actions announced June 16, 2009, effective July 1, 2009, included:
*$200 million reduction of local aids and credits to cities and townships
*$100 million reduction of local aids and credits to counties
*$67 million reduction of refunds and other payments
*$236 million reduction in human services spending
*$100 million reduction in higher education appropriations
*$33 million reduction in most state agency operating budgets
*$1.77 billion K-12 education payment deferrals and adjustments
*$169 million additional revenues through administrative actions
'''TOTAL: $2.675 billion'''


'''Minnesota Consolidated Budget in billions (after governor's executive actions, June 2009):'''<ref>[http://www.mmb.state.mn.us/doc/budget/report-cons/july09.pdf ''Minnesota Management and Budget'', "Consolidated Fund Statement: End of 2009 Legislative Session, Includes July 2009 Executive Actions ," July 17, 2009]</ref>
'''Minnesota Consolidated Budget in billions (after governor's executive actions, June 2009):'''<ref>[http://www.mmb.state.mn.us/doc/budget/report-cons/july09.pdf ''Minnesota Management and Budget'', "Consolidated Fund Statement: End of 2009 Legislative Session, Includes July 2009 Executive Actions ," July 17, 2009]</ref>

Revision as of 18:31, 8 May 2023

Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.


State Information


Minnesota faced a $4.6 billion projected budget deficit for 2010-2011.[1]

Minnesota faced a deficit for fiscal years 2008-2009; however, the deficit was eliminated by withdrawing the remaining $155 million from the budget reserve and un-allotting $271 million. The state was expected to end the fiscal year with a balance of $236 million and a $350 million cash flow account.[2]

Budget background

See also: Minnesota state budget and finances

Minnesota operates on a biennium, covering two fiscal years at a time. A fiscal year begins on July 1 and ends on June 30 of the following year; however, the biennium begins July 1 of odd-numbered years. The process of creating a new state budget begins in even-numbered years. All state agencies submit budget requests for the next biennium along with actual expenditures and receipts for the two most recent fiscal years. The governor then submits a three-part budget to the legislature. Part one is a budget message, part two a detailed operating budget, and part three a capital expenditures budget. Parts one and two are presented to the legislature in January or February of odd-numbered years and part three is presented to the legislature in January of even-numbered years. Both the House and the Senate examine, modify, and enact the final budget.[3][4]

Budget figures

The following table provides a history of Minnesota's expenditures and gross domestic product (GDP).

Fiscal year Expenditures (billions) GDP (billions)
2000 $35.4[5] $185.1[5]
2001 $38.0[5] $190.2[5]
2002 $40.5[5] $198.6[5]
2003 $41.3[5] $208.2[5]
2004 $42.1[5] $223.5[5]
2005 $42.9[5] $232.0[5]
2006 $44.8[5] $242.1[5]
2007 $46.7[5] $255.0[5]
2008 $48.7[5] $268.5[5]
2009 $50.8*[5] $282.8*[5]
  • NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.

Minnesota Consolidated Budget in billions (after governor's executive actions, June 2009):[6]

Year 2007 actual 2008 actual 2009 w/7-09 ex. act. 2010 w/7-09 ex. act. 2011 w/7-09 ex. act. 2012 pln. est. 2013 pln. est.
Revenue $29.7 $31.3 $33.3 $32.7 $32.4 $30.8 $29.0
Total exp. and trans. $25.2 $26.9 $30.6 $30.2 $29.8 $31.2 $30.2
Annual balance $4.5 $4.4 $2.7 $2.5 $2.6 -$0.3 -$1.2
Carried forward deficit -$2.7 -$2.9 -$2.0 -$2.0 -$2.0 -$2.1 -$2.3
Budgetary balance $1.8 $1.5 $0.7 $0.5 $0.6 -$2.4 -$3.5


Legislation

  • Minnesota House File 548, State Government Omnibus bill

HF 376 and SF 416 were incorporated into Minnesota House File 548, State Government Omnibus bill, which was signed by Governor Tim Pawlenty on May 25, 2007. Residents were able to search for information on state grants and contracts valued at over $25,000 after the database launched in March 2009. Grants and contracts to local government units were not to be included in this database. According to the legislation, information would be stored on the website for 10 years.


See also

Footnotes

  1. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Revenue
  2. ↑ Minnesota Management and Budget, "February 2009 highlights," accessed March 18,2009
  3. ↑ Minnesota Legislative Reference Library, "Resources on Minnesota Issues State Budget," December 2008
  4. ↑ Minnesota Management and Budget, "2010-11 Governor's Budget Instructions & Forms," accessed March 18,2009
  5. ↑ 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 US Government Spending, "Minnesota State and Local spending," accessed March 17,2009
  6. ↑ Minnesota Management and Budget, "Consolidated Fund Statement: End of 2009 Legislative Session, Includes July 2009 Executive Actions ," July 17, 2009
Flag of Minnesota
v • e
State of Minnesota
St. Paul (capital)
Elections

What's on my ballot? | Elections in 2026 | How to vote | How to run for office | Ballot measures

Government

Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy

Retrieved from "https://ballotpedia.org/wiki/index.php?title=Minnesota_state_budget_(2008-2009)&oldid=9137950"