WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

Dayton Makes No Promises About Tax Plan Changes

View Comments
(credit: CBS)

(credit: CBS)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For July 28
  2. Lightning Strike At Venice Beach Kills 1, Injures Others
  3. New Zip Line Debuts At Mall Of America
  4. Who's That In The Stands During 'Little Big League'?
  5. Get Movin' Monday: How To Slow Down Our Busy Lives

ST. PAUL, Minn. (AP) — Gov. Mark Dayton says Minnesota taxpayers will benefit from a smaller-than-expected budget deficit, but don’t expect drastic changes to his tax plan.

State budget officials announced Thursday that lawmakers will need to tackle a $627 million budget deficit for the next biennium. They had previously estimated that shortfall would be $1.1 billion.

The Democratic governor says he wants to issue tax credits to home renters and give businesses a break on sales taxes for equipment purchases. That could eat up as much as half of the unexpected cash.

Dayton’s current plan includes decreasing the sales tax rate but taxing expensive clothes, a higher income tax rate on Minnesota’s wealthiest and a controversial business-to-business tax.

Dayton will release his revised budget in the next two weeks.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus