On Monday, February 28, Minnesota Management and Budget released the state’s latest budget forecast, projecting a historic $9.25 billion surplus. Legislative leadership will now work to set spending targets within their caucuses, while budget committee chairs identify spending or tax relief goals and priorities.
On Monday, February 28, Minnesota Management and Budget released the state’s latest budget forecast, projecting a historic $9.25 billion surplus. Legislative leadership will now work to set spending targets within their caucuses, while budget committee chairs identify spending or tax relief goals and priorities.
Keep in mind that legislators are not required to spend the surplus, however, because this is not a budget year at the State Capitol.
To learn more about the state’s budget and other legislative issues, join UMN Advocates for more detailed information.
House Higher Ed hears two U of M budget request items
On Tuesday, March 1, the House Higher Education Committee heard two bills pertaining to the University’s FY23 supplemental budget request. First, Interim Vice President for Research Michael Oakes and Natural Resources Research Institute (NRRI) Executive Director Rolf Weberg presented the University’s request for $10 million to support NRRI applied research in aquatic ecology and water management, forestry and wildlife studies, and mineral research.
Second, UMTC Vice Provost and Dean for Undergraduate Education Robert McMaster and UMR Vice Chancellor for Academic Affairs and Innovation Jeffrey Ratliff-Crain, and Minnesota Student Association President Abdulaziz Mohamed presented the University’s access and affordability request, which will increase the amount of financial support in the University's Promise Program, create a Greater Minnesota Scholarship program, and expand student support.
Learn more about the University’s FY23 supplemental budget request.
Finally, there are only three weeks until the first committee deadline at the legislature. Committees must act favorably on policy bills in the house of origin by March 25, or the bills will not move forward this session.