SAINT PAUL, MN – Rep. Brian Pfarr, R-Le Sueur, released the following statement regarding Minnesota Management & Budget’s announcement on Friday of a new state economic forecast which projects a $1.6 billion surplus for the 2022-2023 biennium:
“Friday’s announcement of a $1.6 billion budget surplus is very good news for our economic recovery. Minnesota is on its way to rebuild its economy after a year that has been devastating for families and businesses.
“As a fiscal conservative, I cannot understand why Gov. Walz and Democrats continue to push for tax hikes after receiving this budget forecast. We need to let our economy grow; increasing taxes would only hurt our progress. As the legislature works to pass a new two-year state budget, we need to prioritize cutting wasteful spending and streamlining services. Our families and businesses have tightened their belt over the past year, government can do the same now.”