This Web-based document was archived by the Minnesota Legislative Reference Library. |
The following is a statement from Governor Tim Pawlenty regarding the Minnesota Department of Finance February 2006 economic forecast. The revised forecast shows an additional surplus of $181 million for the current budget cycle. This is in addition to the $1.04 billion surplus that was announced in the November 2005 forecast.
Of the additional surplus, $93 million, along with the bulk of the surplus from the November forecast, will go to restore payments to school districts. Since the November 2004 forecast, nearly $1.1 billion has been utilized to buy back the school payment and property tax recognition shifts. |