Senate Majority Leader Erin Murphy Reacts to Budget Forecast Surplus

SAINT PAUL, Minn. – On Thursday, Minnesota Management and Budget announced a projected state budget surplus of $3.7 billion for the 2024-25 biennium, an increase of $1.3 billion since November.

Senate Majority Leader Erin Murphy (DFL- St. Paul) issued the following statement in response to the budget forecast:

“This is a good news day for Minnesota, and a proof point for the decisions DFL majorities and the governor made in the 2023 session. This forecast shows that we are a great state to open a business and to raise a family. Our budget ended years of gridlock and put the unmet needs of Minnesotans first, by investing in education, nutrition, child care, health care, affordable housing, economic development, broadband, and much more. We are already seeing the results of those decisions, and can move with confidence into discussions about the long-term health of our state economy and budget. 

This year, our biggest assignment is to pass a strong capital investment bill that reaches communities, neighborhoods, and families. But we will also pursue policy ideas on issues like consumer protection, medical debt, health care, and emergency medical services to help grow Minnesotans’ household budgets. I look forward to the opportunity to work with our Senate committee chairs, Governor Walz, Speaker Hortman, and Minnesotans to move forward and complete our work this session.”

Erin Murphy represents Senate District 64, which includes portions of the Saint Paul community.

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