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State Representative Bob Gunther

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Posted: 2007-11-30 00:00:00
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NEWS RELEASE

REP. GUNTHER DISCUSSES LATEST BUDGET FORECAST


ST. PAUL – State Representative Bob Gunther (R-Fairmont) said he was disappointed to learn that Minnesota’s once prosperous economic outlook has taken a massive hit. State economists now say the Fiscal Year 08-09 budget will show a deficit, projected at $373 million.

“This is actually quite sad as seven months ago we had a $2.2 billion surplus,” Gunther said. “On the plus side, we should have roughly $300 million available to spend thanks to some of Governor Pawlenty’s budget vetoes.”

Gunther said the deficit results from major economic concerns such as the falling housing market, tighter credit, rising energy prices, and a rising unemployment rate.

“All this and the DFL-controlled legislature is still talking about how we need to increase the size of our $34.5 billion budget so we can spend more on state government programs,” Gunther said. “Back when I ran a grocery store, if our revenues were down, we needed to slow our spending. State government should operate the same way.”

“Its now obvious that the Democrats don’t have the money to spend on government programs, so let’s hope they don’t raise our taxes,” Gunther said.

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