The Chair of Senate Finance Committee says Minnesota’s one-point-three billion-dollar surplus is a sign the state is managing its finances well. Senator Julie Rosen of Vernon Center credits actions by democrats a few years back for part of the sound financial footing.
“When my colleagues across the aisle had the gavel, they put in a stipulation that 33 percent of any budget surplus needs to go into a reserve fund,” said Rosen. “That was a very smart move on their part.”
Rosen says there are many areas that can be looked at because of the surplus, including depreciation tax deductions for agriculture, mental health, childcare, and workforce development.