SF 4302 Minnesota Senate · 2025-2026 Regular Session

Budget reserve limit conformation to the existing amount in the budget reserve account provision

This bill updates Minnesota's budget reserve limit to $3.42 billion, matching the current amount already in the state's budget reserve account. It amends state law to ensure that when surplus funds are forecasted, the budget reserve is filled to this specific target before other financial priorities are addressed. The change directly affects the commissioner of management and budget, who must follow this allocation order when managing state funds. By adjusting the statutory language, the bill formalizes the existing financial reality without altering how surplus money is distributed to schools or other programs.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 9, 2026 Last action Mar 9, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Mar 9, 2026
Committee
Referred to Finance
upper
Mar 9, 2026
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of John Marty
John Marty
DDemocratic-Farmer-Labor
MN
40