(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|
About the Author: Ashley Hanley
Ashley (Goettl) Hanley is a North Mankato native and Mankato West graduate who made the switch from TV journalism to radio. After five years at KEYC News 12, Ashley is thrilled to be working for KTOE News. Ashley and her husband John, and son John, enjoy spending time in the community. You can also find Ashley coaching and playing softball and supporting her brother on the MSU football team and her sister with Scarlet athletics. Even though she went to the University of Wisconsin-River Falls, Ashley kept her Minnesota roots and is a big Twins and Vikings fan!