 On Thursday, Governor Walz and Lieutenant Governor Flanagan presented their 2025 biennial budget. The budget includes the first sales tax cut in state history and closes tax loopholes for services offered by wealth managers and lawyers. It also combats fraud and sets Minnesota up for success for years to come by curbing spending growth in the programs that drive the structural deficit.
“This budget is responsible, measured, and honest, and it starts with one goal: fiscal responsibility,” said Governor Walz. “Our plan sets Minnesota up for success in the future by addressing long-term budget challenges and protecting the investments we made to improve lives, including universal meals, paid family and medical leave, and tax cuts for seniors and middle-class families.”
“We are providing Minnesota with a strong economy and stability for years to come building on investments in children and families from 2023,” said Lieutenant Governor Flanagan. “Our dedication to providing services and support for those who need it most remains consistent. This budget is centered on managing spending in areas we know will grow. Minnesota has always been and will remain a generous state, one that is committed to helping our neighbors.”
On Friday, Governor Walz and Lieutenant Governor Flanagan announced that WalletHub has ranked Minnesota as a top state to raise a family. Minnesota ranked second in WalletHub’s study, comparing key factors across all 50 states including family income, housing affordability, health care quality, safety, and school quality.
 “Making Minnesota the best state to raise a family has been my mission since day one,” said Governor Walz. “Investments in education, tax cuts to the middle-class, paid family and medical leave, and public safety have set us apart as an example for how to make life easier for working families. I’ll protect these investments, and I won’t stop fighting until we are number one.”
 “Children and families are at the center of everything we do,” said Lieutenant Governor Flanagan. “Through smart investments in universal school meals, paid family and medical leave, affordable housing, and a nation-leading Child Tax Credit, Minnesota has become one of the best states in the country to raise a family. I’m so proud of this recognition.”
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