Gov. Tim Walz is pitching his first budget under the Trump era as a counterweight to the incoming president’s threats to impose tariffs, which he says will raise costs on everyday Minnesotans. His plan would lower Minnesota’s sales tax rate for the first time in state history by .

Walz focused on tackling fraud, cutting state spending and long-term fiscal stability in Minnesota’s 2026-27 budget.

Governor Walz’s party has lost control of the Minnesota Legislature and faces mounting criticism as a budget deficit looms.

The state of Minnesota is spending more money than it’s bringing in, and if current trends continue, the state will spend down the current balance as soon as 2027. DFL Gov. Tim Walz wants to address the issue mostly by slowing state spending on disability services,

Governor Tim Walz and Lieutenant Governor Peggy Flanagan presented their 2025 biennial budget, which included the first sales tax in the state's history.

By Dana Ferguson Gov. Tim Walz on Thursday pitched a tighter two-year budget, complete with spending pullbacks and other measures to keep a potential deficit at bay. He also proposed a lower state sales tax rate that would be widened to include some financial services.

Minnesota Gov. Tim Walz is set to roll out his proposed two-year budget plan on Thursday as he and legislators grapple with a potential multibillion-dollar deficit on the horizon. The two-term Democratic governor has said everything — including spending cuts — is on the table for the budget debate this year.

Here's Minnesota Gov. Tim Walz's full press conference on his budget proposal. A confident Freudian slip on Fox News was the nail in the coffin for the ABC host The post Jimmy Kimmel Says Confirmation Hearings Have ‘Finally Found the Dumbest Person in the Senate’ | Video appeared first on TheWrap.