The office of Minnesota Management and Budget (MMB) today released its annual November economic forecast. The report, which details the state’s budget picture, projects a surplus of $17.6 billion for the upcoming fiscal year 2024-2025 budget cycle.

Senator John Jasinski (R-Faribault) issued the following statement:

“We have a responsibility to take Minnesota’s massive budget surplus and give it back to the hardworking taxpayers who earned it in the first place. Permanent, ongoing tax relief must be our number one priority as people struggle with soaring inflation, high gas prices, high energy bills, and more expensive groceries. It is the smart thing to do, and it’s the right thing to do.”