ST. PAUL – State Rep. Steve Green, R-Fosston, 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.
“From my perspective, this surplus puts tax relief on a silver platter for the 2019 session,” said Rep. Steve Green, R-Fosston. “Decisions House Republicans made the last four years have put our state’s economy in great position and the right approach is for taxpayers to reap these rewards. It will be sad if Democrats in the new majority walk through the doors of the Capitol this January with plans for tax increases. Taxpayers should come first and anything less would be a slap in the face 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.