ST. PAUL – Minnesota Management and Budget on Wednesday issued the state’s February economic forecast and it indicates a $329 million revenue surplus for the biennium ending in June of 2019. That reflects a $517 million improvement on the bottom line since the November forecast. Below is a statement from Rep. Matt Bliss, R-Pennington, in response.
“It is good to see that our state’s economy continues to surge, with revenue growth that exceeds previous projections,” Bliss said. “The decisions we made last year, especially with the historic tax relief, are helping to boost our economy. Now, robust discussions will take place at the Capitol to determine the best uses for the surplus funds as we are positioned for another highly successful session and look to continue the momentum.”
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