(St. Paul, MN) — Governor Tim Walz has released a revised version of his Minnesota budget proposal. The governor’s office said yesterday that it accounts for a February economic forecast showing the state going from a one-point-three-billion-dollar deficit to a one-point-six-billion-dollar surplus. The new changes include no longer using rainy day funds to balance the budget, more money for the budget reserve, increasing net investments, and a new 5th tier income tax bracket for the state’s highest earners. However, Senate leaders say they will not agree to raise taxes, especially following a devastating pandemic.
Governor Walz Releases Revised State Budget Proposal
By Ashley Hanley|2021-03-19T07:49:49-05:00March 19th, 2021|