Minnesota's projected surplus rises to $1.5 billion, setting up spending battle


February 28, 2020

Glen Stubbe – Star Tribune

Budget officials Budget Director Britta Reitan, State Economist Dr. Laura Kalambokidis and MMB Commissioner Myron Frans began the economic forecast presentation.

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.



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