Bakk, Cohen, Rest, Dziedzic respond to February Forecast

SAINT PAUL, Minn. — Minnesota Management and Budget today announced the state’s expected budgetary balance decreased $492 million since the November forecast. Senate DFLers released the following statements:

“We enjoy a high level of quality of life here in Minnesota, and that’s due in large part to the work the legislature’s done to invest in our state,” said Senate DFL Leader Tom Bakk, DFL-Cook. “If we want to have an opportunity to continue making meaningful investments in K-12, health care, and higher education, we need to take a hard look at how we’re raising revenue.”

“The loss of any revenue going forward will devastate ongoing investments in things like health care, education, and transportation,” said Sen. Dick Cohen, DFL-Saint Paul, who serves as the DFL lead for the Senate Finance Committee. “This forecast is simply one-time money that needs to be cautiously distributed while still caring for the Minnesotans who need us most.”

“We need to remember much of this budgetary balance is not available for ongoing spending,” said Sen. Ann H. Rest, DFL-New Hope, the DFL lead on the Senate Taxes Committee. “While a positive budgetary balance is good news, the decrease since November is a sign for concern. We will not let poor budgeting decisions jeopardize Minnesota’s economic future.”

“We owe it to Minnesota’s students, seniors, working families, and farmers across the state to talk about what matters to them: tuition costs, property tax relief, the opioid crisis, child care, and broadband,” said Sen. Kari Dziedzic, DFL-Minneapolis. “With $1.1 billion available for one-time spending we have a real opportunity to make strategic investments across our state.”

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