Walz Touts Opportunities from Massive $17.6B Budget Surplus

Originally aired December 6, 2022 on Lakeland News- - - - - - - - -Watch more local & breaking news for north-central MN: https://lptv.org/lakeland-news/Like...

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Walz Touts Opportunities From Massive $17.6B Budget Surplus

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Originally aired December 6, 2022 on Lakeland News- - - - - - - - -Watch more local & breaking news for north-central MN: https://lptv.org/lakeland-news/Like...

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Walz Touts Opportunities From $17.6B Budget Surplus

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Dec 7, 2022 · ST. PAUL — Minnesota lawmakers learned Tuesday they will head into the 2023 legislative session with a massive $17.6 billion projected budget surplus, and Gov. Tim Walz …

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Walz Proposes Slimmed-down 2026-27 State Budget, Sales Tax …

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Jan 16, 2025 · If his budget is passed as proposed, Walz said it would leave a $2.1 billion surplus in fiscal years 2026-27, and a $355 million surplus in fiscal years 2028-29. This is a year to be …

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Walz Touts Opportunities From Massive $17.6B Budget Surplus

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Dec 6, 2022 · Walz Touts Opportunities from Massive $17.6B Budget Surplus ... — Minnesota lawmakers will head into the 2023 legislative session with a massive $17.6 billion projected …

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Walz Touts Opportunities From $17.6B Budget Surplus

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Dec 6, 2022 · Minnesota lawmakers will head into the 2023 legislative session with a massive $17.6 billion projected budget surplus. Gov. Tim Walz said Tuesday that he would like to …

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State Budgets | AP News

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Walz touts opportunities from massive $17.6B budget surplus ST. PAUL, Minn. (AP) — Minnesota lawmakers learned Tuesday they will head into the 2023 legislative session with a massive …

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Tim Walz Raised Taxes By Billions While Spending $18 Billion …

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Aug 7, 2024 · Tim Walz’s official government website touts the state budget he signed in 2023, which was enacted by a Democratic-run legislature, as “the largest tax cut in state history.” In …

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NJ Budget: More Taxes, Less Transparency - Bergen Record

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Jul 7, 2024 · Worse, this budget spends $2.1 billion more than it takes in, creating a structural deficit of more than $3.5 billion next year — relying on the state’s declining surplus to fill the gap.

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One-shot Revenue Sources In Murphy’s Budget Plan - NJ Spotlight …

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Mar 25, 2024 · The largest source of nonrecurring revenue backing Murphy’s proposed budget is a plan to take more than $2 billion from the state’s general budget surplus, according to the …

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State Of New Jersey

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In that same spirit, this budget will be the first, in our state’s history, to fully fund the formula for New Jersey’s public schools with a $ 908 million funding increase. Altogether, the $11. 7 billion …

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NJ School Districts That Would Get The Most Funding In 2024-25

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Mar 7, 2024 · The 2024-25 budget, revealed by the governor last month, includes $11.7 billion for public schools. New Jersey has 575 school districts that receive funding from the state. And 50 …

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FAQs about Walz Touts Opportunities from Massive $17.6B Budget Surplus Coupon?

Will Walz spend down the current surplus?

In fact, Walz’s plan would not only spend down the current surplus, but the new spending would also consume the projected surplus for the next two-year budget period, which won’t begin until July 1, 2023, with carry-forward costs estimated to total $5.69 billion. The surplus projected for that upcoming 24-month budget is $5.95 billion. ...

What if Walz's budget is passed?

This is a slimming down from the $70.7 billion General Fund appropriations for the current 2024-25 biennium. If his budget is passed as proposed, Walz said it would leave a $2.1 billion surplus in fiscal years 2026-27, and a $355 million surplus in fiscal years 2028-29. ...

How much money will Walz spend in 2026-27 budget?

If it was all accepted by the Legislature — and a lot will be with DFLers in control of both the House and Senate — Walz will spend all of the surplus over the next four years. He’ll leave just$47 million on the bottom line when the 2026-27 budget comes to a close on June 30, 2027. ...

Will Walz get a $5.2 billion boost for education & families with kids?

For THIS day,” referring to the release of a $5.2 billion boost for education and families with kids, part of a $65.2 billion proposed budget. Coming up with a two-year budget plan is far more fun when a governor gets to increase spending and cut taxes, and a $17.6 billion surplus means Walz gets to do both. ...

How much is the 2026-27 budget surplus?

It shows a $1.1 billion decrease from the prior estimate in February which had predicted a $1.7 budget billion surplus during the 2026-27 fiscal biennium that begins July 1, 2025. That surplus is now forecast to be $616 million. ...

What will Walz's next budget look like?

Other priorities for his next budget, Walz said, will include more resources for education; expanding affordable child care; helping families cope with high food and gas prices; and leveraging federal money to modernizing Minnesota’s infrastructure, including roads, bridges, transit and electric vehicle charging stations. ...