ST. PAUL – Minnesota Management & Budget on Tuesday issued an updated state economic forecast and it projects a $1.65 billion surplus through the 2018-19 biennium – an increase of about $250 million over the previous full forecast issued in December. Below is a statement from Rep.Jeff Howe, R-Rockville, in response.
“This continued revenue surplus is further evidence that tax relief is in order this session,” Howe said. “This surplus largely is the result of Minnesotans being overcharged on their taxes and it’s time to put money back in the people’s pockets. Tax relief will be a core priority of the budget House Republicans draft this session.”
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