Minnesota’s projected budget surplus grew modestly, rising to $1.5 billion, state budget officials said Thursday.
The twice-yearly budget and economic forecast is sure to touch off fresh debate among lawmakers who are deciding how to spend the anticipated budget surplus, which previously stood at $1.3 billion.
The Minnesota Management and Budget office said in a statement that the economic outlook for the state remains stable but forecasts an economic slowdown.
DFL Gov. Tim Walz and legislative leaders are expected to give their takes on the forecast Thursday and outline how the fresh budget figures will affect their spending priorities.
Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site. Please see our republishing guidelines for use of photos and graphics.