St. Paul, MN—On Tuesday, Minnesota Management and Budget released the November budget forecast showing a $641 million surplus in the current biennium and a $1.2 billion deficit in the 2022-2023 biennium. State Representative Sandy Layman, R-Cohasset, issued the following statement regarding the November forecast:
"The state’s budget outlook has stabilized thanks to the hard work, sacrifice, and resilience of Minnesotans. In addition to the distribution of safe and effective vaccines in the coming weeks, this is good news for 2021 and indicates that the state’s economy is slowly coming back to life. Despite these positive developments, we still have an obligation to help businesses and Minnesotans recover from harmful shutdowns imposed by Governor Walz. One thing is certain, today’s news should end any discussion of raising taxes on families and businesses during the upcoming legislative session. Families and businesses have scaled back their budgets, there's no reason we can't ask government to do the same.”
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