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. Bud Nornes, R-Fergus Falls, in response.
“This is good news and is further evidence the good budget practices House Republicans brought to the Capitol are producing results,” said Rep. Bud Nornes, R-Fergus Falls. “This strong bottom line will be helpful in providing Minnesotans with tax relief and putting additional funding toward other priority areas. That said, it remains crucial that we keep our overall spending at a responsible level to help stabilize us for the long term.”