SAINT PAUL, Minn. – Today, Minnesota Management and Budget released the February Budget and Economic Forecast. The forecast shows a state economy that continues to grow and a stable state budget.
House Speaker Melissa Hortman issued the following statement:
“Today’s budget forecast shows that Democratic leadership has Minnesota on the right path. Our economy continues to outpace expectations and our financial future is stable — there are projected surpluses in the current and next forecast period. The budget Democrats enacted during the historically-productive 2023 Legislative Session has laid the groundwork for long-term prosperity, a growing middle class, and a future where every Minnesotan has the opportunity to succeed and build a better life. While our economy remains strong and corporate profits are still soaring, we know there are Minnesotans who aren’t doing as well, struggling with an economy that feels tilted against them. We will continue to prioritize cutting costs for Minnesotans in child care, housing, and health care, and we will continue to support workers because that’s the best way to build an economy that works better for everyone.”