Governor Walz on Positive State Receipts, Budget Discussions

Governor Tim Walz held a brief media availability Thursday, June 10, to call attention to the higher-than-expected receipts in state revenue collections and to provide an update on the status of budget negotiations. According to a release from Minnesota Management and Budget, receipts from individual income, sales and corporate taxes for the month of May were $3.3 billion, nearly $1.8 billion more than had been anticipated.

“The economy’s fundamentals are strong and continuing to be that way,” said Governor Walz. “It gives us the opportunity, looking to the future, to make those investments that make a difference in Minnesota,” he continued.

Governor Walz also said that he plans to extend the peacetime emergency for an additional thirty days in order to continue managing various aspects of the state’s response to the COVID-19 pandemic. This action will prompt a special session next week in which lawmakers must also work to finish the state budget. According to Walz, meetings with legislative leaders and working group leads will begin Thursday afternoon to work through differences in the various budget areas.