ST. PAUL – State Rep. Paul Anderson, R-Starbuck, issued the following statement in response to new budget estimates released by Minnesota Management and Budget showing the last Republican budget led to a $1.5 billion budget surplus heading in to the 2020-21 biennium. The state’s rainy day fund will receive a $491 million infusion, bringing it to a record high of more than $2 billion. Minnesota also has a significant structural surplus moving forward through the 2022-23 biennium.
“This is good news and it puts the exclamation point on the fact House Republicans delivered positive results the last four years,” Anderson said. “Our state’s economy is strong, our budget reserves are stocked at historic levels and revenue continues to exceed projections. This really puts the onus on the new majority to do the right thing by returning this overage in tax collections to the people of Minnesota instead of just spending the surplus and then raising taxes again.”
In the last biennial budget, Republicans passed the largest tax relief package in nearly two decades, benefiting seniors, college graduates, Main Street businesses, and farmers.
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