Governor Tim Walz says because of COVID-19 Minnesota will “certainly see a recession in the next couple of quarters” and the state’s budget surplus could become a deficit:
“I think this sets the tone for the people who were telling me I should have sent (tax refund) checks back in January, of why that was a really bad idea.”
Republicans called for tax cuts but haven’t commented after this latest economic news. Despite grim economic predictions, the governor says a bonding bill is necessary for state public works projects:
“Coming out of this, one of the best things we can do in a stimulus program is to do a bonding bill and to do a robust package, potentially around transportation.”
Republicans appear willing to use bonding money for roads and bridges, but question the governor’s two-billion-dollar overall bonding proposal.