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Lawmakers get modest revenue boost in February estimate: $88M ongoing, $125M one-time
Summary
Representative Val Peterson reported a February revenue update showing approximately $88 million in ongoing new revenue and $125 million in one-time revenue, modestly improving the state's budget outlook for the year.
Representative Val Peterson delivered the House's February revenue estimate, telling colleagues the state has seen continued growth that provides limited additional resources for budget negotiations. "We have another $88,000,000 in ongoing and $125,000,000 in one time," Peterson said, summarizing the update.
Peterson framed the numbers as modest: ongoing revenue growth of roughly 1 percent and a smaller one‑time gain. He noted most of previously projected new revenue had already been appropriated earlier in the session and that the additional funds will help but are not large enough to materially alter the main budget framework agreed upon on day 10.
The update will feed into ongoing budget deliberations, where appropriators and leadership will consider how to allocate the additional ongoing and one‑time amounts across priorities.
