Greetings,
Today, Minnesota Management and Budget announced a projected forecast of $900 million – compared to November’s $1.2 billion forecast – for fiscal years 2016-17. Even though the surplus is forecasted to be less than anticipated partially due to slow consumer spending, there’s still room to deliver tax relief for hardworking families and seniors, and provide funding for our roads and bridges.
As you know, roads and bridges remain a priority to me, and the surplus allows us to move in the right direction toward more complete funding. Minnesota needs an efficient and well-maintained road and bridge system to ensure public safety and the timely movement of products and materials, which keeps our state economy growing.
In the upcoming legislative session, I plan to support a tax relief proposal that would provide relief for senior citizens, recent college graduates, military veterans, and small business owners. In order to help our economy, we have to allow hardworking Minnesotans to keep more of their paychecks each month.
We’re just days away from the start of the legislative session, and I hope you’ll continue to stay in touch with issues that matter to you.
Have a great weekend,
Tim