Minn. State Sen. Howe Responds to Budget Forecast That Shows Looming Structural Deficit
March 07, 2024
March 07, 2024
ST. PAUL, Minnesota, March 7 -- The Minnesota Senate Republican Caucus issued the following statement on March 6, 2024, by State Sen. Jeff Howe, R-Rockville:
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Last week the state released the February budget forecast, showing Democrat tax increases lead to a $3.7 billion surplus in 2025 and a $1.5 billion structural deficit beginning in 2026. The forecasted surplus does not account for any new spending, meaning that any ongoing spending bills passed in 2024 will fu . . .
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Last week the state released the February budget forecast, showing Democrat tax increases lead to a $3.7 billion surplus in 2025 and a $1.5 billion structural deficit beginning in 2026. The forecasted surplus does not account for any new spending, meaning that any ongoing spending bills passed in 2024 will fu . . .