Minnesota’s office of Management and Budget (MMB) on Monday released its February revenue forecast, which provides information and outlook for Minnesota’s financial picture. The report projects a surplus of $9.253 billion for the next budget cycle, which begins in July. The forecast represents an improvement of $1.507 billion from the last forecast.

Senator John Jasinski (R-Faribault) issued the following statement:

“The state took too much from taxpayers, plain and simple. Senate Republicans are going to give it back. We are focused on eliminating the Social Security income tax and on real, significant tax cuts that make your paychecks bigger every week. No election year gimmicks.”