February forecast shows $1.65 billion budget surplus
St. Paul, Minn. – Minnesota Management and Budget announced a forecasted budget surplus of $1.65 billion Tuesday. The February forecast shows that Minnesota continues to have low unemployment and a stable budget.
Rep. Jeanne Poppe, DFL-Austin, noted the positive metrics but emphasized the importance of continuing to look for improvements.
“The economy is performing well and the data proves it. Not all Minnesotans are feeling the positive effects of this and we need to be sure we are doing everything possible to capitalize on our strong position,” said Poppe. “A common argument is that a surplus comes from taxes being too high. But responsible budgeting and one of the highest ‘tax fairness’ ratings in the nation has put us in this great position.”
Reinvesting in priorities that make a difference to regular Minnesotans and providing relief to working, middle-class families builds a solid foundation for the years ahead. With the forecast released, committees have all the tools needed to set budget targets and get vital work done before the May deadline.
“Critical fiscal bills must be passed to keep the budget going and avoid shutdown. The pieces to avoid a shutdown are now in place,” continued Poppe. “I am ready to get to work with Gov. Dayton and my colleagues in the House to ensure better economic outcomes for Minnesota families.”
Rep. Jeanne Poppe can be reached at the Capitol by phone at 651-296-4193 or email at rep.jeanne.poppe@house.mn.
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