New economic report for MN

Rep. Paul Anderson (12B) – Legislative Update

Dear Neighbor,

A column I submitted to newspapers throughout the district this week addressed, among other things, the new state economic forecast we received.

The new report is the latest to show revenue above previous projections, extending a run of positive reports which started in Nov. of 2011. This is good news, but we need to be cautious as we examine what to do with this “found” money.

I support using part of the surplus revenue to repeal some of the new taxes Gov. Mark Dayton and fellow Democrats passed earlier this year. I oppose applying it to added state spending at this time, especially if it commits us to spending into the future.

At any rate, we need to hold tight until the February forecast is issued with a new set of complete numbers. A lot could change between now and then and the report itself indicated there is volatility in tax increases.

Here is a link to my column, with more details and my thoughts on the matter. Also, here is a link to the complete economic report from Minnesota Management & Budget. I will keep you in the loop as things develop.

Sincerely,

Paul

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