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Denise Rowan

on 14 April 2010

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Transcript of Forecast

Budget Forecast February 2010 Minnesota Management & Budget March 2, 2010 Small Revenue Gain and Lower Spending Reduce FY 2010-11 Deficit to $1 Billion
($ in millions)
November Forecast Deficit ($1,203) Forecast changes: Higher revenue 25
Lower spending 184 Revised Forecast Deficit ($994) Projected Deficit for 2010-2011 Biennium ($ in millions)
Balance from FY 2009 $447 $447 -0- November
Forecast February
Change Revenues 29,986 30,011 25
Spending 31,286 31,102 (184)
Budget Reserve 0 0 0
Cash Flow Account 350 350 0 Balance (Deficit) ($1,203) ($994) $209 ($1,203) ($994) $209 November
Forecast February
Change now at $1 Billion Real GDP expected to reach
previous high by Summer 2010
Full transcript