ST. PAUL – Minnesota's projected budget surplus number decreased on February 26 as state economists say our state now has a $900 million surplus, down from a $1.2 billion surplus projection in November.
State Representative Tim Miller (R-Prinsburg) said this is a reason for lawmakers to proceed with caution when it comes to government spending this session.
"With our agricultural economy stagnant, it’s a good reminder that our overall economy isn't as vibrant as we think," Miller said. "We need to be prudent with how we utilize this surplus and avoid wasting it on new, permanent government programs."
According to the economic experts, most of the surplus decline is due to a weaker federal economic outlook and lower consumer spending.
Miller said lawmakers should use this surplus to finish the work they started last year.
"We should prioritize Greater Minnesota's road and bridge needs, and we should be looking at tax relief for farmers, veterans, and retired Minnesotans on Social Security," Miller said.