Minnesota’s projected $1.2 billion positive budget balance creates opportunities to keep our state moving in the right direction, according to our analysis of the February 2014 Economic Forecast.
Economic Recovery Creates Opportunities: Inside the February 2014 Forecast points out that Minnesota’s strong economic growth is leading to higher revenues and lower spending, resulting in a surplus.
Our analysis urges policymakers to use caution when deciding how to deal with that positive budget balance.
We recommend Minnesota continue to make fairness a priority in tax decisions, build the budget reserves, and target spending to areas that support Minnesotans left out of the economic recovery.
Check out our analysis for more information about the forecast and the best ways to invest in our future.