(ST. PAUL, MN) – Senate Majority Leader Paul Gazelka (R-Nisswa) issued the following statement in response to the projected budget surplus of $1.5 billion.
“I am pleased to see a surplus grow to $1.5 billion. We are on a good course. State government was fully funded for two years in the last session and we still have money left over. And the state’s savings account is full— for the first time ever. Now is the time prioritize the taxpayers with this surplus. It’s time for Minnesotans to ‘get your billion back.’”
Senate Republicans announced a tax plan last week that includes full social security exemption, reduces the lowest income tax rate, and fully conforms to section 179 for farmers and small-business purchases.
Forecast documents