Minnesota Management and Budget (MMB) announced today that the February Budget and Economic Forecast will be released on Friday, February 26, 2016 at 11:15 am.  Minnesota is required by law to issue a Budget and Economic Forecast, one in November and the other in February.   The November forecast serves as the basis for the Governor’s initial budget recommendations.  With the February forecast’s more updated economic and budget data, the Governor makes modifications in his budget recommendations.  The House and the Senate will use the February forecast to create and pass the final enacted budget.