Minnesota SF2851 modifies the date for reporting the budget reserve percentage.
Minnesota SF2851 amends the date for the annual report on the budget reserve percentage. The commissioner of management and budget must now report by October 30 each year instead of September 30. The report details the recommended budget reserve percentage for the current biennium's general fund nondedicated revenue. It also specifies if the commissioner revised the recommendation due to changes in tax mix, methodology revisions, or other relevant information.
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