Minnesota Management and Budget today released the February budget forecast, estimating a $1.53 billion budgetary balance. The balance is $181 million more than the November 2019 forecast.
“Working together to build the state all Minnesotans deserve includes fiscal responsibility,” said Assistant Senate DFL Leader Jeff Hayden, DFL-Minneapolis. “This forecast is simply one-time money that needs to be cautiously distributed while still caring for the Minnesotans who need us most like the communities of color or low-income families. We ought to use this as an opportunity to enhance our youth enrichment programs, create better infrastructure, and provide accessible, affordable health care to our communities.”
“We do need to be cautious in the distribution of this one-time money, so let’s cautiously use it to invest in all communities including communities of color,” said Senator Bobby Joe Champion, DFL-Minneapolis. “This money would bridge the gap in funding for public safety, youth programs, community building, and increased opportunities for employment, health care, and family support.”