Minnesota’s Projected Surplus Continues to Grow

Minnesota’s Projected Surplus Continues to Grow

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ST. PAUL (WJON News) -- The latest economic forecast shows Minnesota's projected budget surplus for 2024-25 growing by 1.3 billion dollars to 3.7 billion.

But there's still a long-term "structural imbalance" that could cause problems in 2025-26 -- although officials say it's smaller since the last forecast.

State Management and Budget Commissioner Erin Campbell says because of that, lawmakers should still exercise caution on spending.

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House Republican Minority Leader Lisa Demuth says, "Minnesota’s budget is still on the verge of a deficit thanks to Democrats’ irresponsible and unaffordable spending spree last year."