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Minnesota remains 6th worst state for tax burden despite promising budget forecast
Minneapolis, MN – Americans for Prosperity-MN (AFP-MN) released the following statement after the Minnesota Management and Budget (MMB) unveiled the 2019 November Budget and Economic Forecast. The underlying economic indicators included in today’s budget forecast appear to be good news for Minnesotans in spite of the fact that the state has over-collected tax revenues from hard-working Minnesota families and businesses.
AFP-MN state director, Jason Flohrs released the following statement:
“Minnesotans understand that more spending does not necessarily or automatically bring better results. Lawmakers should work together to relieve Minnesotan’s 6th worst in the nation tax burden and structurally reform ongoing spending commitments, instead of pursuing ways to spend it. Pulling more money than needed out of the productive private sector is not good for Minnesota’s long-term economic health, nor will it help Minnesota’s bloated administrative state deliver better services.”
The state of Minnesota is now projected to spend around $20 billion per biennium more than the state did just a decade ago. Per the report, no other measure of economic, business, or family growth including personal income, GDP growth, population growth, nor inflation, has increased at that pace.