Dahms encouraged by budget forecast

On Tuesday, Nov. 30, Minneota Management and Budget released its annual November budget forecast, showing an estimated budget surplus of $641 million in the current biennium but a deficit of $1.273 billion for the 2022-2023 biennium.
The forecast is updated twice each year to reflect the state's revenues and expenditures.
The projections will be used to guide consideration of possible COVID-19 relief during the upcoming special legislative session and set the budget during the regular legislative session convening Jan. 5.
"I am encouraged by the budget forecast showing a surplus in the current biennium, but we still have a sizeable deficit to contend with in the next budget cycle," said Senator Gary Dahms (R-Redwood Falls). "We must approach both the surplus and deficit with a reasonable mindset."
The Minnesota Senate Republican Caucus will continue to call for efficiency in government, trimming state agency budgets, and accountability in Governor Tim Walz's administration.
"This will be a different budget year," said Senator Dahms. "However, my Senate Republican colleagues and I are prepared to do the hard work to solve the problem created by unsustainable spending and exasperated by the COVID-19 pandemic."

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