Rep. Paul Rosenthal (49B) – Legislative Update
I hope this email finds you well. Here is an update from the State Capitol.
This week, Minnesota Management and Budget announced the November budget forecast, projecting a deficit of $188 million ($302 million when the full budget is passed). What’s worse – the deficit is set to grow over the next few years to $586 million.
At the beginning of the 2017 session, Minnesota had a $1.6 billion budget surplus. In less than a year, the House and Senate majority budget plan turned that surplus into a deficit due in part to unwise tax cuts for corporations like big tobacco. This is unacceptable. Read More