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Legislative News and Views - Rep. Michael Nelson (DFL)

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“SURPLUS” ALREADY SPENT, DEBT AND DEFICITS REMAIN

Thursday, March 1, 2012
To the editor: On February 29, Minnesota Management and Budget announced that Minnesota has an additional $323 million in surplus for the remainder of this biennium. Much of the savings that led to this surplus came from Governor Dayton enrolling the state in Early Medical Assistance — an option available to us because of “ObamaCare," which the Republican majority has opposed at every turn. This surplus might sound like great news, but the reality is not only is that money already spent, our state is still left with billions in debt and deficits. This additional money is required by law go to budget reserves and beginning to pay back our schools and our children, but we’ll still owe them $2.4 billion. In total, according to non-partisan House Research, it would take $5.4 billion to pay off our debt and deficits next year. The only way to grow our economy for the long-term is to build a strong middle class. When the middle-class is successful and growing, Minnesota will be successful and growing as well. Racking up debt and pushing our budget woes on our kids is not a path to prosperity. Thank you again for the honor of serving you in the legislature. You can reach me by phone at (651) 296-3751, by email at rep.michael.nelson@house.mn, or by sending mail to my office: 229 State Office Building, 100 Rev. Dr. Martin Luther King Jr. Blvd., Saint Paul, Minnesota 55155. Sincerely, Michael Nelson State Representative District 46A