Today, Minnesota Management and Budget (MMB) estimated a $1.513 billion surplus for FY 2020-21 at their annual February budget and economic forecast. This reflects a $181 million increase since the November forecast.

“The state budget was fully funded last session leaving legislators with important decisions to make this year,” said Senator Mary Kiffmeyer (R-Big Lake). “I intend to use this surplus as a guide as we balance supplemental spending and tax relief. The state savings account is full for the first time, we are getting wasteful government spending under control, and we can guarantee tax relief to Minnesotans. We have repeatedly championed the elimination of bureaucracy and we are seeing real results.”