Minnesota Senate Media Services
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Governor Tim Walz Announces Proposed Budget Revisions
Posted
March 22, 2019
Views
71
March 22, 2019
71
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34:36Now PlayingAs a result of the February state budget forecast projecting slower economic growth, Governor Tim Walz announced Friday, March 22, revisions to his budget proposal for the 2020-21 biennium.
In making adjustments to the latest forecast, the Walz administration proposed spending reductions of $131 million dollars across state agencies, tax adjustments that would save $65 million dollars, and a return of the $142 million dollars left unspent in the reinsurance fund to the general fund. Governor Walz has also proposed $37 million dollars in new investments, including 25 million dollars more for higher education and another $1.1 million dollars to the Minnesota Licensing and Registration System.
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