ST. PAUL – Minnesot= Management and Budget on Wednesday issued the state’s February economic forecast and it indicates a $329 million revenue surplus for the biennium ending in June of 2019. That reflects a $517 million improvement on the bottom line since the November forecast. Below is a statement from Rep. Bud Nornes, R-Fergus Falls, in response.
“I’m happy anticipating we are going to continue to see strong economy here in Minnesota,” Nornes said. “With last year’s tax cuts, where some thought maybe we had cut too much, that’s proving to be wrong. That will just make this session probably, in some ways, more challenging as we have more opportunity now to help more people.”