[ST. PAUL, MN] – Governor Tim Walz today (Friday) released his revised Budget for Minnesota for the next biennium.
A press release states that given the record amount of money he left on the bottom line in the original budget, the revised budget accounts for the recent economic forecast while continuing to make smart investments in education, health care, and community prosperity.
The revised budget is balanced in FY 2020-21 because of strategic spending reductions and tax bill adjustments.
“We are proud today to release a smart, responsible budget that looks to the future,” Governor Walz said. “While we had to take a hard look and scale back some proposals, the core tenets of our budget—education, health care, and community prosperity—remain strong. This budget tackles the great challenges facing our state and promotes opportunity for everyday Minnesotans while protecting our fiscal stability.”
“While we had to make some tough choices, our revised budget does not waiver from our commitment to invest in the lives of Minnesotans, particularly children and families,” Lieutenant Governor Peggy Flanagan said. “We look forward to working with the legislature to pass this budget and build a brighter future for our state.”
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