Minnesota’s Department of Management and Budget (MMB) today 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 is up from the previous $7.7 billion surplus in the December forecast.

Senator Mary Kiffmeyer (R-Big Lake) released the following statement:

“Minnesota serves as one of the most heavily taxed states in the country, and today’s budget forecast is a strong indicator of how our state asks way too much of taxpayers,” Kiffmeyer said. “I recently joined my Senate Republicans colleagues in proposing the largest tax cut in our state’s history, and the new budget numbers distinctly illustrate just how essential this relief is.”