ST. PAUL - State Representative Lyndon Carlson, Chair of the House Finance Committee, said the February Economic Forecast illustrates the need for a budget that focuses on core Minnesota issues. Counting inflation, the state has roughly a $1 billion one-time surplus from the current fiscal year and is projected to run even for the upcoming biennium.
"Thankfully we don't have to make painful budget cuts this year," said Carlson. "However, any new investments need to be directly targeted to our schools, affordable health care, and property tax relief."
The budget forecast showed a decrease in state revenues by $25 million and there are some concerns about employment statistics.
"With uncertainty on the horizon, we should have a budget focused on growing Minnesota's economy, both in the short and long run," Carlson added.