ST. PAUL – Minnesota 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. Chris Swedzinski, R-Ghent, in response.
“What that tells you is that jobs are being created, businesses are doing well and taxpayers are actually making money,” Swedzinski said. “That’s our goal, to have economic vitality within our state. We want to see businesses booming, jobs being created and the economy improve. The tax bill we passed, there are a lot of naysayers who talked about how our tax bill was going to bankrupt the state and that’s just simply not the case. What it really does is unlock the economic viability and creative entrepreneurship that Minnesota is known for by keeping dollars in people’s pockets.”