SAINT PAUL, Minn. – Today, Minnesota Management and Budget announced a new economic forecast showing a $9.25 billion budget surplus for the current biennium. The analysis does not incorporate inflationary costs or the various impacts of the Russian military invasion of Ukraine.
Rep. Rob Ecklund (DFL – International Falls) issued the following statement:
“The new budget forecast shows us our economy is certainly headed in the right direction following two years of tremendous challenges. Still, working families, seniors, and students are facing struggles as they work to overcome economic difficulties the pandemic caused. With this record budget surplus, we have the ability to help Minnesotans better navigate these difficulties, including rising costs in their everyday lives. I hope we can come together this session to deliver targeted tax cuts to working families and seniors while making productive investments in areas like health care, child care, and education so everyone can have a strong future.”