Senator Tomassoni Statement on November Budget Forecast

St. Paul, Minn. – Minnesota Management and Budget (MMB) today announced a budget forecast surplus of $1.332 billion in the FY 2020-21 biennium while bringing the reserve balance to its statutory target level of $2.359 billion. Full details of the forecast are available here. In response, Senator David Tomassoni (DFL-Chisholm) released the following statement:

“Today’s forecast is positive news for the fiscal health of Minnesota, but is not a guarantee of continued economic stability, and doesn’t account for future challenges in our budgeting,” said Senator Tomassoni. “We passed a budget in 2019 that didn’t make promises we couldn’t keep, and we prioritized building up the state’s rainy-day fund. While short term decisions are tempting, we must keep an eye on the future and avoid making mistakes that could reverse the state’s economic health.”

Senator David Tomassoni
David Tomassoni represents District 6, which includes portions of Itasca and St. Louis counties in the northeastern part of the state.

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