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Posted on: December 6, 2019

State Announces $1.3 Billion Budget Surplus

A big budget surplus will greet lawmakers when they return to the State Capitol for the 2020 session.  

On Thursday, Minnesota Management and Budget announced a more than $1.3 billion surplus for the 2020-2021 biennium.  State officials credit the surplus on a better than expected close to the last biennium, an improved revenue forecast and a small decrease to estimated spending.  

The 2020 Legislative session will convene on February 11.

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