The new budget forecast is coming out today.
And it’s generally good news, showing that the GOP in the Legislature paid off hundreds of millions borrowed from schools, filled the budget reserves, and substantially reduced the structural deficit.
Not bad for a “do-nothing” legislature that started with a six billion dollar structural deficit, and was hobbled for two sessions by a governor who was operating under orders from his
political mommy ex-wife to sandbag like his life depended on it, now, is it?
Tim Pugmire’s story at MPR quotes House Minority Leader Kurt Daudt…:
“Minnesotans are struggling in their lives and in their families and in their job situations,” Daudt said. “Our job is to make their life easier, not more difficult. So, if we do hit that fiscal cliff on the federal level and we double down and increase taxes on top of that, that’s only going to have a detrimental impact on our economy here in Minnesota, and it’s just going to make things more difficult for families here in Minnesota.”
Messinger marionette speaker of the house Paul Thissen:
But House Speaker-designate Paul Thissen countered that even families need to account for inflation as part of prudent budgeting. No matter what the forecast shows, lawmakers must come up with more than another temporary fix, said Thissen, DFL-Minneapolis.
Families, unfortunately, don’t have the ability to extort more money out of their employers. Unless they’re government union employees, naturally.
“My hope is that we’re not just budgeting to the forecast, but we’re stepping back and actually creating a budget that’s going to work for the long-term stability of the state,” Thissen said.
In other words, if things improve we need to increase taxes and spending, and if they don’t, we’ll need to increase taxes and spending.
This DFL majority may be the best thing to ever happen to business in western Wisconsin.