Sen. Paul Gazelka, R-Cass County, recently released a statement regarding Minnesota Management and Budget’s July economic update for the state.
The Minnesota Management and Budget released the July economic update which shows fiscal year 2012 revenues exceed the February forecast by $336 million or 2.1 percent.
Gazelka said this was very good news for Minnesota.
“Turning around a $6 billion deficit that loomed at the end of 2010 to budgets that have begun to regularly exceed expectations is nothing short of amazing,” he said. “I want people to know that responsible budgeting requires making difficult decisions but, the long-term rewards for our state in the future are worth it.”
Gazelka said the turnaround was done in spite of a governor who would like to raise taxes and slow progress. He also criticized what he termed the short-sightedness of the governor vetoing an attempt to pay back schools the money that he required be shifted away from them as a condition of the 2011 budget agreement.