ST. PAUL, Minn. – Senate Majority Leader Tom Bakk (DFL-Cook) released the following statement on the release of the November Budget and Economic Forecast.
“Minnesota has faced structural deficits every biennium since 2001. Democratic leadership is responsible for getting our state off the economic rollercoaster and creating long-term stability,” Sen. Bakk said. “We can see from today’s forecast that the work of the last two years to create a structurally balanced budget put the state on sound financial footing—which is why we find ourselves with a surplus today. This will allow us to continue to invest in the priorities we all share as Minnesotans.”