Minnesota's budget surplus grows to $1.65 billion
March 1, 2017
Minnesota’s healthy economy is powering projections of a hefty $1.65 billion budget surplus, but uncertainty about federal policy under the new Trump administration has state officials warning about “significant risk” that it could decline.
Fueled largely by forecasts of higher-than-expected tax collections, the projected surplus that state budget officials announced Tuesday was welcome news for DFL Gov. Mark Dayton and Republican legislative leaders. Both claimed credit for the forecast — which saw the projected surplus rise by $250 million over a December forecast — while offering different visions for what the state should do with the money.