Minnesota legislator wants more money for budget reserve
ST. PAUL - The Minnesota Senate's finance chairman wants more money in the state budget reserve.
Sen. Richard Cohen, D-St. Paul, introduced a bill to put an additional $340 million into the reserve this year, raising the total to $1 billion.
The current reserve is 1.7 percent of state revenues. Minnesota Management and Budget, the state's financial department, suggests 4.9 percent. If that were done, the reserve would be $1.9 billion.