Last week, state budget officials said Minnesota is currently operating with a one-point-three billion-dollar surplus. State representative Jeff Brand of Saint Peter says there’s more to that number than meets the eye.
“It sounds good,” said Brand. “But when you factor in the inflationary cost of things, we don’t have a lot of money. Back in 2003 they changed how budgets are calculated and they don’t factor in inflation, so, unfortunately, those numbers look a lot better than what they actually are.”
Brand says the budget surplus reflects what is available for one-time investments, and when you factor in inflation the surplus is actually around one hundred million dollars.