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Gov. Tim Walz presented his supplemental budget, which is scaled back due to the unexpected demand for spending on the coronavirus response, on Thursday, March 12, 2020. The Governors press conferences are now being live streamed on Facebook Live along with ASL interpreters in response to the coronavirus outbreak. The Governor is exploring new ways to continue to communicate with Minnesotans, even if access to the Capitol is scaled back. (Glen Stubbe/Star Tribune via AP)

Gov. Tim Walz presented his supplemental budget, which is scaled back due to the unexpected demand for spending on the coronavirus response, on Thursday, March 12, 2020. The Governors press conferences are now being live streamed on Facebook Live along with ASL interpreters in response to the coronavirus outbreak. The Governor is exploring new ways to continue to communicate with Minnesotans, even if access to the Capitol is scaled back. (Glen Stubbe/Star Tribune via AP)

March 12, 2020

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Walz proposes banking most of surplus over COVID-19 fears
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.