As the 2014 legislative session kicks off, we Minnesotans have reason to be optimistic about our future. After a decade of economic turmoil, we are finally headed in the right direction.
Just look at the progress we've made in the last year alone.
Heading into the 2013 legislative session, our budget deficit stood at $625 million, with an additional $800 million in unpaid IOUs to our schools. We could have followed the course of previous Legislatures and made further cuts to Minnesotans seeking economic security while protecting wealthy special interests. We chose a different course — one focused on securing and growing the middle class.
We did raise taxes — the majority on the very wealthiest and large corporations — and we solved our budget problem. Today, our schools are fully paid back, and for the first time in a decade, our budget is balanced — not just today, but into the foreseeable future. On top of that, we made new and meaningful investments in broadening opportunity — all-day kindergarten, early childhood education, a college tuition freeze, job creation and direct property tax relief.
And despite warnings from Republicans that tax increases on the wealthiest Minnesotans would cause economic disaster, our economy is growing. Unemployment is down and job creation is up. Minnesota businesses created more than 50,000 jobs in 2013. Publications from Forbes to the Wall Street Journal now consistently rank Minnesota among the top states in the nation for the strength of our economy and our outlook for the future. And our world-class education system — a key to our strong economy — continues to improve. For the first time, national tests show that Minnesota is making significant gains in narrowing the achievement gap between white students and students of color.
Minnesota has momentum, and we should be optimistic about that. But we have more to do. That's what the 2014 session is about.
Because while things are looking up, not everyone is sharing in the gains we are making. Too many Minnesotans are working hard every day, but are still squeezed due to stagnant wages, long-term unemployment or underemployment.
It is for these reasons that strengthening and expanding Minnesota's middle class — by building on the progress we made last year — is our top priority in the coming session.