Minnesota’s Department of Management and Budget (MMB) today released its February revenue forecast, which provides information and outlook for Minnesota’s financial picture. The report projects a surplus of $9.253 billion for the next budget cycle, which is up from the previous $7.7 billion surplus in the December forecast.

Senator Julia Coleman released the following statement:

“As a mother of three young children, I understand just how drastically the rising inflation rates have affected all parts of a family’s budget,” Coleman said. “Who knows better how to meet their own individual needs than Minnesotans themselves. It is for this reason I am calling for permanent tax relief, and the latest budget forecast emphasizes that we have the money to do just that.”