Bakk responds to November Forecast
St. Paul, Minn.— Senate DFL Caucus Leader Tom Bakk (DFL-Cook) released the following statement in response to the release of the November budget forecast which was announced today. In its announcement, Minnesota Management and Budget released that $334 million of the total surplus was dedicated to the budget reserve and that the remaining general fund revenue continues to grow resulting in a $1.4 billion balance projected for the upcoming biennium.
“Today I have asked Gov. Dayton to call a special session to finally pass an amended tax bill, an earmark-free bonding bill, and tax credits to help people who get their insurance through the individual market who are facing significant premium increases,” Bakk said.
“Looking toward the upcoming session in January, I’ve come to sound like a broken record following forecasts. I again, find myself urging caution. We must be cautious as we approach the state’s upcoming budget and be mindful of the impacts of this year’s budget on future budgets. As Republicans begin to draft their budget I urge them to be careful not to over-commit in the state budget and tax bills—as they have done in the past. DFL Senators will support thoughtful policies that grow the economy throughout Minnesota. Improving incomes, adding jobs and advancing economic opportunity does not require us to pit regions or Minnesotans against one another—it requires careful investment in what makes our state great, its workers, schools, and quality of life,” Bakk said.