Today, MMB released the February Economic Forecast, revealing a modest $329 million surplus, and advising caution with economic uncertainty into the future. House DFL Leader Melissa Hortman released the following statement:
“While Minnesota’s budget remains relatively stable, federal uncertainty threatens the economic outlook for our state and Minnesota families. It’s important to exercise caution, and to invest responsibly in things that will increase opportunity for all Minnesotans, not just corporations and the wealthy.”
Last session, Republicans in the House and Senate prioritized tax cuts for corporations and the wealthy, bringing Minnesota from a $1.65 billion surplus to a $329 million surplus.