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Marj
Hello from St. Paul,
Minnesota’s financial experts recently provided an economic update for our state, and the analysis included pros and cons.
While Minnesota does have a budget surplus for the upcoming budget cycle, it is a lot smaller than originally predicted. Worse, we are now projected to see a significant budget deficit two years from now, and this is thanks to the outrageous tax and spend choices made last session by a Democrat-controlled state government.
In February, Minnesota was expected to see a $1.7 billion budget surplus for the upcoming 2026-27 biennium. But due to projected reductions in income and sales tax revenues and higher spending for long-term care and special education, only a $616 million positive balance remains.
The real financial trouble begins in Fiscal Year 2028-29. Minnesota’s fiscal analysts note for that budget cycle, a $5.1 billion budget deficit is expected.
State spending dramatically increased after the legislative Democrat majority and Governor Walz agreed on last session’s budget. At that time, Minnesota had a nearly $20 billion budget surplus. In addition to spending the surplus, the majority party also voted to raise taxes by another $10 billion. By the time session ended, Minnesota’s budget spending increased by 40% when compared to spending in the previous two-year budget cycle.
At a time when Minnesotans were struggling financially, Democrats wasted a $20 billion surplus and raised taxes besides, and the end result is a multi-billion dollar budget deficit two years from now. It’s time to bring some common sense back to state government, as we need to eliminate the waste, fraud and abuse we’re seeing in government programs and stop the nonsensical overspending of your tax dollars.
While the November forecast gives lawmakers an updated roadmap for Minnesota’s economic projections, an update given this February will serve as the official fiscal legislative framework for the 2025 session.
*REPUBLICAN VICE-CHAIR OF MINNESOTA HOUSE CAPITAL INVESTMENT COMMITTEE*
Minnesota House Republican Leader Lisa Demuth has appointed me as Republican vice-chairwoman of the Minnesota House Capital Investment Committee.
I’m honored to accept the appointment as vice-chair to this committee as I know its subject matter well, and look forward to helping craft a bill that addresses Minnesota’s statewide infrastructure needs.
*THE FUTURE OF MINNESOTA HOUSE DISTRICT 54A*
The makeup of the 2025 Minnesota House currently sits at 67 Republicans and 67 Democrats. In Scott County, a lawsuit was recently filed to contest the election results in Minnesota House District 54A, where the incumbent Democrat received 14 more votes than the challenging Republican. However, a preliminary conclusion following an investigation by Scott County election officials found that 20 validly-cast ballots for this race were likely disposed. Because of this news, the lawsuit requests a new election be ordered for House District 54A. If you’d like to learn more about this, click here. [ [link removed] ]
Have a good weekend,
Marj
2486 Centennial Office Bldg.
658 Cedar Street
St. Paul, MN 55155
651-296-5373
[email protected]
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