ST. PAUL, Minn. – Today, Minnesota Management and Budget released a budget forecast projecting a positive budget balance of $7.7 billion for the current two-year budget cycle. In response, Senator Erin Murphy (DFL-St. Paul) released the following statement:
“With news of today’s strong budget forecast, it is clear that we have the means and opportunity to improve lives through bold investments in people and communities. Investments in housing, schools, child care, and small businesses hit hard by the pandemic will restore what’s been damaged, support students and families, and propel our shared prosperity. Permanent pay raises for critical sector workers, access to healthcare, paid family leave, and funding to treat COVID-related post-traumatic stress and substance abuse disorders will help people get back on their feet.
“While the forecast will trigger tax cut chatter like a fever, especially for those at the top and those connected to the rich and powerful, this forecast proves COVID has actually been profitable for a subset of Minnesotans and corporations. Let’s treat their tax cut fever dreams with Tylenol and, with clear heads, invest in people to improve their lives across Minnesota the state.”