Senator Andrew Lang responds to budget forecast surplus

Today, the office of Minnesota Management and Budget (MMB) released its annual November budget forecast. The report, which details the state’s budget picture, projected a surplus of $1.544 billion for upcoming two-year budget cycle — the largest budget surplus the state has ever had.

“A budget surplus means the state is overcollecting from the taxpayers,” said Senator Andrew Lang (R-Olivia). “Our economy is on the right track, which means we can fund the priorities of Minnesotans without raising taxes. As we work with the governor and House of Representatives on a responsible two-year state budget, the forecast shows we can do it within our current means. That means we should halt any talk of a gas tax increase or any sort of a fee increase — both of which are already saddling Minnesota families with an unreasonable burden.”

The state agency also projects a surplus of $456 million for the 2022 and 2023 biennium. You can read the complete budget forecast here.

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