ST. PAUL, Minn. – Minnesota Management and Budget today announced the state’s expected budgetary balance increased $181 million since the November forecast, leaving Minnesota with a projected positive budget balance of $1.513 billion for the FY 2020-21 biennium. In response, Senator Erik Simonson (DFL-Duluth) released the following statement.
“While a $1.5 balance is good news, we must remember much of this is not available for ongoing spending. We will not let poor budgeting decisions jeopardize Minnesota’s economic future. Senate Republicans plan to spend more than a billion dollars on tax cuts that mostly benefit the wealthy, ignore property tax relief, and create a budget deficit in the next biennium. This is not the answer.
In the coming days, Governor Walz with the support of DFL lawmakers in the House and Senate will be releasing a modest supplemental budget recommendation that will make strategic, one time investments that will provide the most benefit to Minnesotans while recognizing economic realities reflected in the forecast.”