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Rep. Davids finds positives in latest state budget forecast

Fri, Mar 14th, 2014
Posted in All Commentary

Jason Wenisch

Minnesota House of Representatives Communications Specialist

ST. PAUL – Minnesota’s budget analysts say our state’s economy continues to be healthy, as they report a projected $1.233 billion surplus for the remainder of the 2014-15 budget cycle. This estimate is $408 million higher than what was previously projected in November.

“This is good news for Minnesota as we continue an economic turnaround that began in 2011,” Davids said.

Davids said the $1.233 billion must be allocated before the end of the 2014 session. This means the legislature must decide to spend the surplus, set it aside in budget reserves, use it to buy back Democratic tax increases from 2013, or give it back to the taxpayers.

“To me, the worst idea would be to spend it, as Democratic leadership increased state spending by $3 billion last year alone,” Davids said.

“The first thing we need to do is repeal the DFL’s three job killing tax increases that were leveled on businesses last year. Then we should pass federal tax conformity, which would provide needed deductions and credits and give money back to all hardworking taxpayers.”

“Let’s remember, this money belongs to the taxpayers, not state government,” Davids continued. “This proves Minnesotans are overtaxed, and it’s my hope that our legislative leadership can show some restraint over the next few weeks and not wastefully spend this surplus.”

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