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Legislative News and Views - Rep. Dean Urdahl (R)

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Urdahl statement re: state revenue exceeding projections by $1.5 billion

Thursday, December 06, 2018

 

ST. PAUL – State Rep. Dean Urdahl, R-Acton Township, 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 really puts a stamp on the good work House Republicans did as a majority the last four years to spur our state’s economy,” Urdahl said. “Minnesota’s economy is in far better shape now than before we took over and the future looks bright. The concern would come if the new majority views this surplus as found money to fuel more government spending and then tops it off with even more tax increases in the upcoming session. It comes down to priorities and I will continue putting our taxpaying families and businesses first. I urge the new majority to take that approach as well and put aside the regressive tax proposals that have been bandied about as we prepare for the 2019 session.”

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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