As Legislature prepares to vote on how to spend Minnesota's record $17.6 billion dollar surplus in the coming months, Governor Walz announced his FY 2024-2025 budget recommendations yesterday. The budget proposes expenditures of $65.2 billion, as well as $8 billion in tax cuts. The administration proposes that a significant portion of the state’s estimated $17.6 billion surplus be distributed through spending and rebate checks.
We’ll share key provisions in future updates, as we dig deeper into the Governor's official budget recommendations.
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