Gov. Tim Walz presented his supplemental budget on Thursday, along with MMB Commissioner Myron Frans, right, on Thursday, March 12, 2020, which is scaled back due to the unexpected demand for spending on the coronavirus response.. (Glen Stubbe/Star Tribune via AP)
March 12, 2020
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March 12, 2020 1:33 p.m.
Walz proposes banking most of surplus over COVID-19 fears
ST. PAUL, Minn. (AP) — Gov. Tim Walz proposed Thursday to bank $1.2 billion of Minnesota's projected $1.5 billion budget surplus because of the uncertainties over how the new coronavirus will affect the economy.