Minnesota Governor Tim Walz released a $52 billion budget proposal for the 2022 – 2023 biennium. The proposal would raise taxes for corporations and the wealthy. It emphasizes small business support in COVID and provides an increase in the general fund for education. “Our budgeting we did in 2019 created opportunities for all. We made historic investments in education all the way from Pre-K to universities and state college systems. We made historic investments in housing, we made affordable drug prices a reality for folks and we did that all by creating the largest surpluses in one of the most sound fiscal states in the union,” said Walz. “This budget will do that again. It will take in the realities of where we’re at in COVID-19. It’s fair in how it impacts people and it does the things I said we would do. It’s a responsible budget to leave this state in good shape.”
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