Minnesota Budget Surplus Tops $1.5B Despite Coronavirus

Created: February 27, 2020 09:25 PM

ST. PAUL, Minn. (AP) - Minnesota's projected surplus has inched up over $1.5 billion.


The new estimate from Minnesota Management and Budget was $181 million higher than the agency's last budget forecast in November.

The updated economic forecast released Thursday adds fuel to the political maneuvering at the Capitol over whether the Legislature should spend it, save it or cut taxes.

Democratic Gov. Tim Walz and legislative leaders from both parties say they don't expect the global coronavirus outbreak to affect the budget picture much. They're already talking about setting aside $5 million of the surplus in case its needed to respond to the threat.

Copyright 2020 The Associated Press. All rights reserved.


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