Senator Dan Sparks Issues Statement in Response to New Budget Forecast
“We do not yet know the long-term impact of federal tax reform on state finances” says Sparks.
St. Paul, Minn. – Minnesota Management and Budget (MMB) today released a new forecast that projects a $329 million state budget surplus for the current biennium. In response, Senator Dan Sparks (DFL-Austin) issued the following statement:
“I’m proud that Minnesota’s economy has produced a modest state surplus. But, it’s important that state lawmakers are good stewards of tax dollars and consider all the facts before deciding what to do with those dollars,” said Sen. Sparks. “We do not yet know the long-term impact of federal tax reform on state finances, so I think we should be cautious and not make any hasty reactions to the new forecast. The conversations I have with families, farmers, and employers in southern Minnesota is the economic gauge that I rely on.”