
Minnesota MN
"The North Star State"
The land where the Mississippi begins as a trickle, where iron ore built American industry, and where Bob Dylan and Prince proved that the cold north can produce the world's most transcendent art.
Minnesota state finances at a glance
State Debt - FY2024
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
Total Minnesota state tax collections in fiscal 2024, led by the individual income tax ($13B) and the general sales tax ($8.5B).
Borrowing
Minnesota holds a AAA rating and issues general obligation bonds backed by its full faith and credit, sold to investors in the tax-exempt municipal market. A share of every biennial bonding bill is constitutionally dedicated to trunk highways. The state reported about $497 million in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

