Minnesota's GO bond rating reflects: A deep, steadily growing economy that is diversified among services, trade, and manufacturing; Strong financial management systems with significant financial reserves; and A moderate debt burden with manageable future capital needs. Minnesota's economic diversity enables the state to perform well during economic cycles compared with the nation despite some concentration in the manufacturing sector. Employment and income data indicate steady job creation since late 1994 with the Twin Cities area leading the charge. The services sector, particularly business and health care services, and the construction sector have performed particularly well. The ongoing strength in Minnesota's economy translates into an improved February 2000 revenue forecast for the current biennium, continuing the trend of actual performance substantially
