Jasinski statement looming $6 billion Democrat budget deficit

The office of Minnesota Management and Budget (MMB) today released its annual February economic forecast. The report, which details the state’s budget picture, projects a surplus of $456 million. But the most concerning aspect of the report is the massive budget deficit on the horizon – $6 billion for Fiscal Year 2028-2029.

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

“The reckless spending, massive tax hikes, and utter lack of accountability over the past two years of Democrat one-party control have left Minnesota with a $6 billion budget deficit. Democrats blew through an $18 billion surplus, piled on $10 billion in new taxes, and still failed to balance the books. They own the mess we are in. And if we don’t get this unsustainable spending under control, Minnesota families will pay the price with even higher taxes. It is time to cut the waste, stop the fraud, and get back to responsible spending before this financial train wreck gets any worse.”

In the past decade, Minnesota’s government budget has nearly doubled from a $39 billion general fund budget in 2014 to $71 billion in 2024. The state now has some of the highest individual taxes and the 46th worst state and local tax burden in the nation.

FORECAST DOCUMENTS