State surplus is almost shameful
Minnesota Gov. Tim Walz, and other government leaders, should be blushing when discussing the state’s budget surplus, which reached an almost unthinkable $17.6 billion in the state’s latest economic forecast Tuesday. “Strong collections and lower-than projected spending” were factors cited by the Minnesota Management and Budget office in its report. Put simply, the state has been collecting way more in taxes than it needs. It is high time for the state to ratchet down its revenue collections to a more reasonable level. There are certainly things to spend more money on. ...