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State Representative Tony Cornish
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4240
For more information contact: Jason Wenisch 651-296-2317
NEWS RELEASE
CORNISH ANALYZES RECENT STATE BUDGET FORECAST
ST. PAUL –State Representative Tony Cornish (R-Good Thunder) says Minnesota’s economy is in good shape, but that it may not last long if the new leadership in the Minnesota House and Senate follows through on a promise to create a multitude of new government programs.
“Its great that we have a surplus,” Cornish said. “But as I predicted before session began, the only way we make good on certain lawmaker promises to fund every service at the cost of inflation, and to add dozens of new programs is to raise taxes. We need to remember that good fiscal management got us here, and that we shouldn’t squander this opportunity away.”
State economists recently found little change in the budget outlook for Fiscal Years 2008-2009, as Minnesota now has $7 million less at its disposal than previously forecast last November. Specifically, Minnesota now has a $1.013 billion surplus for Fiscal Years 2006-2007, and $2.163 billion available for FY 2008-2009.
But while the fiscal outlook is promising, Cornish said it will be important to use caution when determining how to spend this windfall, as economists project a tighter outlook for Fiscal Years 2010-2011.
“Taking care of every program we already have will be tough,” Cornish said. “Radically increasing spending on new and old state government programs will cause significant problems. The only solution will be tax hikes, which I do not plan to support, and which Governor Pawlenty will veto.”
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