The office of Minnesota Management and Budget (MMB) today released its annual November economic forecast. The report, which details the state’s budget picture, projects a surplus of $7.7 billion budget surplus for the 2022-2023 budget cycle.

Senate Majority Leader Jeremy Miller (R-Winona) released the following statement:

“The budget surplus gives our state a lot of options to make the lives of Minnesotans more affordable. With inflation, increasing energy prices, and continued economic hardship, it’s more important than ever for us to partner together to make sure families have the resources they need to thrive. We can also provide our small businesses the economic support to grow and create good-paying jobs. The top priority of Senate Republicans this session will be to provide additional tax relief to Minnesotans across the state.”