Deal reached on MN budget surplus
ST. PAUL, Minn. (AP) – Gov. Tim Walz and legislative leaders have announced a breakthrough deal on a broad framework for parceling out a massive budget surplus with just a week remaining in the session. The bipartisan deal would devote $4 billion to tax relief, and another $4 billion to spending on education, public safety and health care. It would also leave $4 billion in the bank to guard against downturns. The agreement also calls for $1.5 billion for a public works package known as a bonding bill. Walz told reporters there’s a lot of hard work ahead, but the main parameters have been set.