Budget Forecast   Minnesota Management & Budget’s February forecast projects a $3.7 billion surplus for FY 2026–27, about  $1.3 billion more than estimated in November . But spending still outpaces revenue, leaving only $377 million available in FY 2028–29 , and officials warn that volatile revenue sources and federal uncertainty — notably the Trump administration’s threat to freeze $259 million in Medicaid funding — could quickly turn the surplus into a deficit. Monday’s House Ways & Means ...

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