Feb 28 Minnesota on Tuesday increased the
projected balance at the end of its next two-year budget cycle
by $250 million to $1.65 billion, while warning that uncertainty
over U.S. economic policy poses "significant risk."
The state now expects the current fiscal biennium to end on
June 30 with a $743 million balance, $88 million higher than
previously forecasted. It also increased the
revenue estimate for the fiscal 2018-19 biennial budget by 0.7
percent to $45.66 billion, mainly due to stronger individual
"Considerable uncertainty remains about which proposed U.S.
economic policy changes will be enacted in the near term and
their impact on the economy," said the Minnesota Management and
Budget Department forecast, pointing to potential changes to
policies on trade, immigration, healthcare and business
(Reporting by Karen Pierog in Chicago; Editing by Matthew