How to Spend Surplus 04 Dec 15

ST. PAUL, Minn. (AP) — Minnesota lawmakers from both parties agree that a nearly $1.9 billion budget surplus is good news. They just disagree on how to spend it.

State finance officials revealed the hefty projected surplus Thursday. That sum will leave $1.2 billion for lawmakers to spend next year after the state plows money into a reserve fund and pays off old borrowing.

Republican House Speaker Kurt Daudt says the money should go to tax cuts and fixing roads and bridges. Daudt says the surplus proves the state has collected too much in taxes.

Governor Mark Dayton and top legislative Democrats agree tax relief is on the table. But House Minority Leader Paul Thissen says the state should also boost funding for broadband Internet and early education.

The Legislature reconvenes March 8th.