Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Legislative News and Views - Rep. Fue Lee (DFL)

Back to profile

Rep. Lee statement on the February Economic Forecast

Friday, February 26, 2021

St. Paul, MN - Today, Minnesota Management and Budget (MMB) released the latest economic forecast, projecting a positive balance of $1.6 billion - no longer the anticipated shortfall. State Representative Fue Lee (DFL - Minneapolis), chair of the House Capital Investment Committee, released the following statement in response to the forecast:

“Today’s forecast is in stark contrast to the previously predicted shortfall, and while a positive balance is beneficial for our state, more needs to be done to ensure economic recovery is more equitably shared throughout Minnesota. One solution is a robust capital investment bill, for which our state has the need and the means. The positive economic news helps ensure we will continue to get low interest rates for bond sales and keep our AAA bond rating. We cannot cut our way to economic prosperity for everyone in our state; we must instead invest in our communities and the job-creating projects Minnesotans care about.”