ST. PAUL – State Rep. Chris Swedzinski, R-Ghent, 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.
“The decisions House Republicans made the last four years have worked to get our economy growing,” said Rep. Chris Swedzinski, R-Ghent. “What concerns me is Democrats passed historic increases in taxing and spending the last time they held a majority and I don’t expect even a $1.5 billion surplus will change their tune this time around. A top focus of mine this session will be to be a voice of reason during budget talks, putting taxpayers first. My message will be simply put: Let’s do the right thing by using this surplus to provide tax relief to Minnesotans.”
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.