District 21B Rep. Marj Fogelman on Thursday shared a press release with her thoughts on the latest projections for Minnesota's budget outlook.
Fogelman, a Fulda Republican, noted that the last two budget projections have shown that Minnesota’s economic condition is worsening. She added that this should be no surprise "after an all Democrat-led legislature and Governor Walz wasted an $18 billion surplus last session, raised taxes by $10 billion and grew government spending by nearly 40%," she said.
The state is expected to see a $456 million budget surplus for the upcoming budget cycle. Fogelman noted that budget analysts thought last December that there would be a $616 million surplus. A year ago, they thought we’d have a $1.7 billion surplus.
The next budget cycle now has a projected budget deficit of $6 billion, up from $5.1 billion.
Said Fogleman: “To think that in two years we have gone from a nearly $20 million surplus to a $6 billion deficit,” Fogelman said. “The awful tax and spend priorities put forward by Democrats last session have put the State of Minnesota in a terrible financial bind, and now difficult decisions will need to be made.”
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