Minnesota projects $7.7 billion surplus

Minnesota Management and Budget projected a $7.7 billion budget surplus for the current two-year legislative cycle.

Leaders in Minnesota’s various branches of government have different ideas on how this surplus should be addressed.

House Minority Leader Kurt Daudt (R-Crown) says tax brackets should be re-adjusted to leave more money in Minnesotans’ pockets.

“We’re collecting more than we need from Minnesotans, so it’s their money, not ours, and we need to start acting like that,” said Daudt.

House Majority Leader Ryan Winkler (DFL-Golden Valley) and Gov. Tim Walz believe this surplus should be used to address rising costs in health care and childcare.

“Minnesota is in a strong financial position to help workers, families, and small businesses get through our current challenges,” said Winkler.

“We will not cut taxes for big corporations and rich individuals at the expense of Minnesotans living paycheck to paycheck.”

Gov. Tim Walz and Lt. Gov. Peggy Flanagan are holding an in-person roundtable discussion at a small metro-area business on paid family and medical leave today.

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