Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota's projected budget surplus soars to $17.6 billion


December 7, 2022

Alex Kormann, Star Tribune

Gov. Tim Walz reviewed notes before speaking about Minnesota's budget and economic forecast Tuesday at the Minnesota Department of Revenue in St. Paul.

Minnesota's budget surplus has ballooned to a historic $17.6 billion amid lower spending and larger tax collections, triggering a flood of ideas for how to spend the extra cash.

A funding boost for classrooms, climate change investments and potential tax relief are all on the table for Democrats, who will control state government when the Legislature convenes in January.

"We can do all of these things. This isn't a choice of either-or," DFL Gov. Tim Walz said after the new economic forecast was released Tuesday. "There's golden opportunities for us to do things on so many fronts."


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