Governor Walz Statement on Economic Forecast

Statement

[ST. PAUL, MN] -- Today, Governor Tim Walz and Lieutenant Governor Peggy Flanagan released the following statements on the State of Minnesota's monthly revenue report issued today by Minnesota Management and Budget:

Statement from Governor Walz:

"This is good news for Minnesota and proves that our economy is strong. Minnesotans got through this pandemic with grit and resilience, and now our COVID-19 Recovery Budget will continue to drive our economic success by supporting small businesses, working families, and students."

Statement from Lieutenant Governor Flanagan:

"While we are still recovering from the financial impacts of the COVID-19 pandemic, today's strong revenue report reflects what happens when we make meaningful investments to help those who were hit hardest. Whether it's helping students catch up on learning, supporting small businesses across the state, or creating economic security for working families, our budget's investments in the future of Minnesota's families will continue to get us back to better."

Minnesota's net general fund receipts for FY 2021 are now estimated to total $26.582 billion, $2.684 billion (11.2 percent) more than projected in the February 2021 Budget and Economic Forecast.

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