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 Scott Dibble, DFL-Minneapolis, released the following statement:
“The positive balance announced today of the economic and budget forecast seems great short-term, but we still need to be careful and cautious during these uncertain times. Many in our state are facing unprecedented economic and budgetary hardships due to the pandemic, and these challenges will not simply go away when the virus does. These resources should be put good use in helping our lower-wage workers, unemployed individuals, and small businesses affected during the shutdowns. Good stewardship has allotted us this flexibility in our budget, and we must use this to aid those who need it most, not as an excuse to slash taxes for the wealthy.”
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