Governor Tim Walz rolls out his revised state budget proposal today (11am), responding to a half-billion-dollar drop in the state’s expected surplus. “He is either gonna have to raise more taxes or spend less money,” says Senate Republican Majority Leader Paul Gazelka. Governor Walz indicates there will be some spending cuts in his revised budget plan and also “some tweaks” in tax revenue, but “there will not be a change to the core values of those investments in education, health care and community prosperity. There will be some scaling that we’re going to have to do because, again, the fiscal responsibility that we put into the first budget will be reflected in that.”
Walz says there will be *no* change to his roughly 1.3-billion-dollar bonding request.