SAINT PAUL, MN – On Monday Minnesota Management and Budget released the February budget forecast, showing a projected $9.25 billion surplus — up from the $7.75 billion surplus in the December forecast. Rep. Mary Franson (R-Alexandria) released in the following statement regarding the report:
“Minnesota has a taxing problem. It is unconscionable that the state has a $9.25 billion surplus while families and businesses are struggling amidst inflation and a supply chain crisis. Minnesotans are facing higher prices for gas, groceries, and energy bills under the Biden/Walz economy. Now is the time to pass meaningful, permanent tax reform. We also need to end the social security tax and replenish the unemployment insurance trust fund to help our families and businesses thrive.