Beltrami County Republican Convention: Carlson, Hancock hold fast on budget principles
Once Minnesota finds its way out of a $6.2 billion budget gap, it should lay away $4 billion in a rainy day fund, says Sen. John Carlson, R-Bemidji.
Once the business cycle hits an upturn, and Minnesota's current 37 different taxes begin collecting more revenues, Minnesota should sock away at least three month's operating expenses in a rainy day fund, waiting for the next business cycle downturn, he said.
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