(St. Paul) — Governor Tim Walz released his proposal for the upcoming two-year state budget on Tuesday. The Governor’s $52.4 billion budget proposal would be the largest budget in state history. The proposal increases taxes by $1.66 billion and spends $4.4 billion over the previous state budget. In response, Senator Julia Coleman (R-Chanhassen) issued the following statement:
“Imposing tax increases on Minnesotans and small business owners during this time of economic uncertainty is the wrong direction for our state,” said Coleman. “Working Minnesota families’ priorities are safely reopening schools and businesses, trimming wasteful government spending, and creating jobs.”
The budget proposal will apply to the 2022-23 biennium. Senate Republicans unveiled their priorities last week and will unveil their budget after the February forecast. The Governor, Senate, and House will need to reach a budget agreement by July 1st to avoid a state government shutdown.