Minnesota state government paid out $144 Million less in surplus refund checks than originally estimated. The budget surplus ballooned up to a record $21 Billion at the beginning of this year, but Walz and Democrats decided to spend the vast majority of it on more bloated government projects than return the nearly $8,000 owed to each taxpayer. Legislation that passed the Democrat legislature and was signed by Tim Walz gave Minnesotans only a fraction of what was owed: $260 per individual and uptown $1,300 per families of five or more.
The total amount appropriated as rebate checks was $1.1 Billion. So with $144 Million less money flowing out of the government coffers and into the hands of taxpayers, the government managed to give out 13% less than what was authorized.
At the same time as Minnesota families are struggling with out-of-control inflation caused by reckless spending in Washington D.C., the Minnesota Dept of Revenue continues raking in more tax dollars than it originally estimated. According to Minnesota Management and Budget, the state brought in $400 Million more than forecasted in the first quarter of Fiscal Year 2024 (which began on July 1st). In other words, with the $144 Million in money not returned and the $400 Million in overtaxed money so far this quarter, Minnesota taxpayers could get checks for $130 tomorrow if the legislature was serious about returning overtaxed money to the people.