Minnesota Governor Tim Walz and Republican leaders in the legislature reached an agreement to invest $4 billion for education, public safety, and health care, plus an additional $4 billion for tax cuts.
The group worked together to reach the agreement as the term of the legislative session comes to an end.
“I ran for governor to ensure that every student in every classroom across Minnesota receives an education that will set them up for success. As a former classroom teacher, I know that these historic investments are how we get there,” said Walz. “With an unprecedented surplus, we have the ability to make significant investments in the things that will improve Minnesotans’ lives, like health care, public safety, and education, while also providing tax cuts and putting money in Minnesotans’ pockets.”
However, the specifics of the agreement were not released by the group. For example, it is unclear what measures are included in the tax break.
Because of a record surplus, Republicans, who control the Senate, have made it a priority to give money back to residents of the state.
“Getting money back to the people has been a top priority for Republicans this session and I’m very happy we were able to accomplish this with permanent ongoing tax relief for hardworking Minnesotans, families, and seniors,” Senate Majority Leader Miller said. “In addition to giving money back, this bipartisan agreement delivers targeted investments in public safety, education, nursing homes, and core infrastructure projects. Finally, leaving money on the bottom line is the fiscally responsible thing to do, especially as the economy appears to be slowing down.”
The legislative session will end next week, and Walz has indicated he will not call a special session to solve any lingering issues.
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