That is the latest projected budget surplus for the state of MN. Part of the swelling in the coffers is due to a failure of the past legislature to pass spending bills. A tax refund effort failed to pass as well. That leaves a whole lot of spending in the hands of the latest conglomeration of politicians.
Tax surpluses are going to happen. And it is always more comfortable to be on the excess side of the ledger from an operating standpoint. But it seems like there should be an automatic release of funds after a certain percentage of excess is reached. Our constituents are in a better position keeping those funds in hand and putting them to work than having them tied up at the capital in some budget battle.
If politicians feel they can provide a better product or service with those funds, then they should be able to show us how and where that has occurred in the system.