Minnesota Management and Budget announced on Monday that the government keeps overtaxing Minnesota taxpayers and has collected $800 Million more than projected for the current biennium. While the official books show a surplus (available balance) for Fiscal Year 2024-25, the state continues holding onto a historically high $2.852 Billion of our money for a rainy day, which should be added to the surplus. The total owed back to Minnesota taxpayers is $4.435 Billion.
You know as well as I do how much we're all struggling with this out-of-control inflation. Experts say the average household is paying almost $800 more per month for the same goods and services they paid in 2021. But that doesn't mean Governor Walz and the Democrat legislature will prioritize giving it back to us. With roughly 2.5 Million taxpayers in Minnesota footing the bill, each taxpayer is owed $1,760 back.
Could your family use that money???