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State Representative Paul Anderson
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4317
For more information contact: House GOP Communications 651-296-5520
NEWS RELEASE
Representative Anderson Responds to Budget Forecast Surplus
St. Paul – Wednesday Minnesota Management and Budget released the annual budget forecast for the state budget. Numbers indicated a $323 million surplus. These funds according to state law will be allocated to replenish the state’s financial reserves. This surplus indicates new funds that the state has taken in since last November, when a surplus was announced of $876 million.
“Another surplus like this indicates that we are on the right track,” said Rep. Anderson. “Living within our means and slowing the growth of government is essential to having a surplus in the state’s budget. We need to keep in mind that these funds are already spoken for and cannot be spent by the state. According to state law these funds must be allocated to replenishing reserves and to start paying back the K-12 school shift.”
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