Discussions over how to spend $40 billion-plus of Minnesota taxpayer money have reached a sensitive phase where negotiators are keeping mum about the headway they’re making. With less than a week to get an on-time budget passed, leading House Republicans and Senate Democrats were expected back at Gov. Mark Dayton’s official residence Wednesday for a fresh round of talks.
Some smaller measures in tax plans on the table in Minnesota’s budget discussion aim to make a big impact on public health and child safety. They won’t get the attention of business property tax breaks or across-the-board income exemptions causing clashes, but the measures stand a decent chance of happening.
Break out the hard hats: the real hammering in Minnesota’s construction-zone Capitol is about to start. There’s less than three weeks to the May 18 session adjournment deadline. So the pressure is on to nail down a deal on a new state budget and the fate of a nearly $1.9 billion surplus.
The stage is set for a tax showdown at the state Capitol.
Republicans in the Minnesota House passed a sweeping $2 billion tax relief plan on Wednesday that they say is sharply focused on middle class taxpayers.
A highly contentious debate over education issues kept state lawmakers working through the weekend.
The Senate has passed a budget bill that funds state government and starts making payments on a new office building for state senators.
On Thursday night, Gov. Mark Dayton is slated to deliver his annual State of the State address, the fifth speech of its kind for the two-term Democratic governor.
Minnesota’s top Republican leaders proposed Tuesday a budget that includes $2 billion in tax cuts.
Minnesota Gov. Mark Dayton proposed spending nearly all of the state’s $1.9 billion dollar budget surplus on Tuesday. Gov. Dayton outlined a series of new spending programs on children, education and families.
A new state Republican Party television ad is advocating a full return of Minnesota’s $1.87 billion projected surplus to taxpayers, which is more than majority House Republicans have embraced. Party Chairman Keith Downey framed the “give it all back” rallying cry as a starting point.
A projected $1.87 billion budget surplus puts majority House Republicans in a game of tug-of-war — not just with Democrats who control the rest of state government, but within their own party’s competing and sometimes conflicting priorities over how much should be spent versus returned to taxpayers.
Minnesota House Republicans are using news of a $1.87 billion budget surplus to douse Gov. Mark Dayton’s call for increased gasoline taxes for road work. House Speaker Kurt Daudt reacted Friday to the forecast by saying his caucus would push for tax cuts and to apply some of the money to transportation projects. Daudt says the surplus shows Minnesota government is collecting too much and should lower rates.
Minnesota’s bank account is projected to run up a $1.87 billion surplus over the next two years, which will drive calls for new spending, tax cuts or most likely a mix. The Department of Minnesota Management and Budget provided the figure Friday in an updated economic forecast that shows stronger-than-expected growth projections, rising worker wages and surging consumer confidence.
The budget-setting preseason at Minnesota’s Capitol is about to give way to the session’s full-blown debate, helped along by an economic forecast that guides tax-and-spending parameters. Friday’s release of the comprehensive report will determine whether Gov. Mark Dayton and the Legislature still have a projected $1 billion surplus at their disposal — or if it’s gone up or down since the last look in December.
Rural Democrats in the Minnesota Senate want a big piece of the state’s projected $1 billion budget surplus to solve workforce issues in their communities.
The University of Minnesota Medical School may soon get a financial boost, if Gov. Mark Dayton has his way. He’s proposing a multi-million dollar investment in the school to be included in the upcoming budget.
Gov. Mark Dayton blasted the new Republican Majority in the Minnesota House Friday for what he calls a “phony” transportation plan. Republicans yesterday unveiled a “no new taxes” plan to fix roads and bridges, but Dayton called it “fantasy.”
Talk of tax cuts has followed word that Minnesota’s budget will run up a $1 billion surplus. Top Democrats and Republicans separately raised the prospect Thursday of giving tax breaks with a portion of the surplus. The first dose could come soon in the next session as lawmakers weigh whether to match up Minnesota’s deductions and credits more closely with those at the federal level.
A clause in a construction borrowing package related to home sprinklers could doom the full package. Gov. Mark Dayton warned Monday that he would veto the full bonding bill over attempts to dump a building code requirement.
Leading lawmakers have announced how they will dispense with what remains of Minnesota’s $1.2 billion budget surplus, a framework that suggests the election-year legislative session is moving toward conclusion. The agreement released Friday by Democratic leaders would allow for $103 million more in tax breaks on top of the $447 million already enacted this year.
Gov. Mark Dayton says he’s willing to devote another $100 million of a budget surplus to spending on pressing needs above his previous proposal. Dayton said Thursday he made the offer to top lawmakers “in the spirit of accommodation.”
Lawmakers will be less than a month from the mandatory session finish line when they return to the Capitol after Easter, but don’t be surprised if they make an earlier break for it. Much of the heavy lifting of the election-year session is done. Negotiators from the House, Senate and Gov. Mark Dayton’s administration forecast more ease than usual buttoning up remaining tax and budget bills.
Hundreds of thousands of Minnesotans will be getting a break on their taxes. Gov. Dayton signed $443 million of income and sales tax cuts into law Friday, after lawmakers passed the bill. The changes will take effect over next 15 months.
Gov. Mark Dayton is proposing to use half of Minnesota’s projected $1.2 billion surplus to cut taxes, with another big chunk going to fill reserve accounts. Dayton outlined his supplemental budget plan Thursday, the day the House was planning to vote on a slightly smaller tax bill.
Minnesota lawmakers have the kind of problem on their hands that, at first glance, would appear to be a good thing. Friday the state announced a surprising $1.23 billion surplus. But the debate about what to do with the surplus is so intense its even pitting members of the same party against each other.