Minnesota's projected budget surplus soars to $17.6 billion
December 7, 2022
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."