News Release
Rep. Bryan Lawrence: New Budget Forecast Raises Real Concerns for Minnesota Families
St. Paul — Representative Bryan Lawrence (R-Princeton) responded Thursday to the state’s latest economic forecast, saying it shows the need to restore common sense to state budgeting.
“The forecast may show money in the bank today, but families in my district know you can’t spend like there is no tomorrow,” Lawrence said. “Minnesota is on track to fall into a multibillion-dollar deficit in just a few years, and that should be enough of an alarm to signal the need for change in St. Paul.”
Minnesota Management and Budget is projecting a $2.5 billion surplus in the current biennium, but also warns that if spending continues at its current pace, the state will face a $3 billion deficit in the 2028 to 2029 budget cycle. If the current surplus is spent rather than held in reserve, that projected deficit grows to $5.4 billion.
Lawrence said the major spending increases and tax hikes enacted in 2023 under Democrat control have pushed the state in the wrong direction.
“Spending increased dramatically and taxes went up by $10 billion,” Lawrence said. “That is not something families in our communities could ever afford to begin with.”
Lawrence said fraud and mismanagement continue to strain the state’s finances and called for stronger oversight and responsible budgeting. “People expect the state to protect their tax dollars,” Lawrence said. “We need to focus on real needs, cut waste, and make responsible choices now so Minnesota remains a place where families can thrive, businesses can grow, and government lives within its means.”
The next forecast in February will guide supplemental budget work during the 2026 legislative session.
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