Governor Tim Walz unveiled a more detailed version of his planned $ 9.25 billion state budget surplus on Thursday, March 17, including a $ 500 stimulus check for Minnesota residents.
The DFL governor increased the expected Stimulus Check to taxpayers after state budget experts last month indicated that Minnesota continues to bring in more money in taxes and fees than originally predicted.
Minnesota residents earning up to $ 164,400 will be eligible for a $ 500 payout, while couples applying jointly earning $ 273,470 or less will receive $ 1,000. The stimulation control can help 2.7 million individuals in the state.
$ 500 stimulus check for individuals and $ 1000 for couples
Before budget analysts estimated that state revenue would come in at $ 1.5 billion higher than expected, Walz recommended a $ 175 stimulus check for individuals and $ 350 payments for couples.
The idea is not guaranteed to be adopted as it needs the support of both Republicans and Democrats in the Legislature to become law.
Walz said that frontline workers’ allowances and reimbursement of the State Unemployment Benefit Fund should also be covered by the state budget surplus cash at a holiday gas station in a twin cities suburb.
He believes that because the state has many resources, it should be able to support several primary goals. The governor also proposed spending $ 70 million to cover a 2.5 percent increase in the cost of living for Minnesota residents in public pension schemes, $ 70.5 billion to improve state public health systems, $ 153 million more to recruit and retain caregivers, and $ 20 million in grants to help communities recover from the pandemic.
The new recommendations complement a number of other additional budget lines requested by the Walz administration for childcare, education and professional opportunities, as well as public safety. Last year, lawmakers passed a $ 52 billion biennial budget, and they are not required to use the unprecedented 2022 profits.