Dear Friends,
This week, the Minnesota Department of Management & Budget released a new state budget forecast which showed a $2.4 billion surplus heading into next session, but a looming $2.3 billion deficit beginning in 2025.
With a historic $17.5 billion surplus, Democrats went on an out-of-control spending spree last session while raising taxes on hardworking Minnesotans by $10 billion. This budget forecast and the projected $2.3 billion deficit in 2025 shows the consequences of reckless Democrat spending.
Minnesotans do not want a $730 million renovation to the State Office Building to create a palace for politicians. Minnesotans do not want rebates for the rich to buy electric vehicles. Minnesotans do not want free college for illegal immigrants. What Minnesotans want is meaningful relief for their family budgets when they are spending nearly $13,000 more a year to maintain the same lifestyle they had in 2021.
During the campaign, Democrats promised $2,000 rebate checks for Minnesotans. But because they prioritized spending instead of giving the surplus back to you, those rebate checks ended up being only $260. Now, it was announced yesterday that the federal government is planning to tax your rebate because Democrats waited too long to pass the rebates, missing the federal deadline to avoid taxation.
Democrats’ reckless spending has put our state in this bleak financial position. If we do not get spending under control, government will soon run out of money to pay for all of their expensive, wasteful programs. This looming deficit makes it clear that one party rule is not working for Minnesotans and their pocketbooks.