Senator Karin Housley (R-Stillwater) released the following statement on the state budget forecast indicating a $2.4 billion surplus dulled by a looming $2.3 billion deficit beginning in 2025: 

“Minnesotans have been over-taxed for far too long, which was evident when we had a historic $17.5 billion surplus last year. That surplus presented us with an opportunity to enact tax relief that Minnesotans have been begging the legislature to consider, but the majority party decided to double-down by increasing taxes by $10 billion, while also running through the entirety of the surplus. Last week’s news shows the long-term effects of that decision: a $2.3 billion deficit.

Due to what was passed last Session, we are looking at a long-term deficit, that will continue to grow year after year. Minnesota families are already seeing increases in housing, gas prices, and grocery prices… Now due to this news, it is almost promised that they will be facing higher taxes in 2025 and beyond. It’s time for us to revisit priorities so we can ensure Minnesotans are not left to pay the bill for the Democrats’ overspending.”