St. Paul, Minn. – Today Minnesota Management and Budget announced a new economic forecast showing a $9.25 billion budget surplus for the current biennium. The analysis does not incorporate inflationary costs or the various impacts of the Russian military invasion of Ukraine. State Representative Luke Frederick (DFL - Mankato) released the following statement:
“The budget announcement is positive, but many Minnesota families are still struggling. Instead of tax cuts for the wealthy, I support the House DFL plan to ensure paid family and sick leave, create good jobs to sustain our families, and provide better education and health for everyone.
“We will use these final numbers to craft legislation this session. My priority continues to be pushing to fund clean water projects in the district, including in Mankato, Eagle Lake and Skyline. Investments in our infrastructure plan for the future and ensure healthy and safe communities for all Minnesotans.”
You can read more about the announcement on the Minnesota Management and Budget webpage.