Minnesota's projected surplus rises to $1.5 billion, setting up spending battle
February 28, 2020
Minnesota lawmakers can anticipate an extra $1.5 billion in state coffers as they make tax and spending plans for the next year, although state budget officials also said Thursday that the financial impact of the spreading coronavirus remains uncertain.
DFL Gov. Tim Walz and Republican and Democratic lawmakers have offered competing priorities for the expected surplus, which was up slightly from the previous estimate of $1.3 billion in November. Walz advised restraint Thursday on any new tax cut or spending proposals.