Rep Igo's Statement on Forecasted Budget Deficit
St. Paul, MN — Rep. Spencer Igo (R-Wabana Township) released the following statement after Minnesota’s latest budget forecast showed the deficit is expected to increase from $5.1 Billion to $6 Billion by Fiscal Year 2028-29. The FY 2026-27 balance also dropped by $160 million to $456 million, as spending growth continues to outpace revenue.
"Last session, we saw Democrats spend an $18 billion surplus, increase taxes by $10 billion, and grow government spending by over 40%. The deficit needs to be addressed now, before we find ourselves in a worse position down the road," said Rep. Igo. "We must work together, across the aisle, to make necessary spending cuts and resolve the deficit for the future. Minnesotans deserve better."
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