ST. PAUL, Minn – According to the Minnesota Management and Budget (MMB) Office, Minnesota’s budget is in even better condition than originally forecasted. State economists announced the state budget has a $1.86 billion surplus, up from a surplus of $1.037 in November. This increase is due in part to a stronger Minnesota economy, low unemployment and better available jobs. The Commissioner of MMB called the forecast a success story for Minnesota.
Sen. Dan Sparks (DFL-Austin) says this strong budget forecast means the policies in place over the past two years are working, and Minnesota’s economy continues to grow at a healthy pace. He adds that several initiatives designed to drive growth in Greater Minnesota and improve the lives of hardworking Minnesotans has a better chance of passing.
“The state’s investments in education, jobs and economic development projects across the state are clearly working. Now is the time for focused attention on jobs and workforce housing projects in rural Minnesota,” said Sen. Sparks. “Our focus needs to be on continued stability and addressing areas of the state that need support for new development and growth.”
If you have questions regarding these or other matters, please contact Sen. Sparks’ office at 651-296-9248.