Budget and Economic Forecast shows a positive balance for Minnesota

SAINT PAUL, Minn.— Minnesota Management and Budget presented the financial future of Minnesota today with a budget and economic forecast projecting a positive balance of $641 million for the FY 2020-21 biennium.

In response, Senator Ann Rest, DFL-New Hope, released the following statement:

“The economic and budget outlook may have improved since last spring, but we should be cautious as there is still a lot of uncertainty with the pandemic continuation and economic challenges that we are facing. This positive balance will, however, create in the short-term a chance for the Legislature to release a relief package for businesses affected in the latest shutdown due to the coronavirus.”

Ann Rest represents District 43, which includes portions of the western suburbs of Hennepin County in the Twin Cities metro area.

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