Minnesota lawmakers want to dive deeper into the details of a state report showing a $1 billion budget surplus awaits them. The House Ways and Means Committee summoned state finance officials to a hearing Friday to give more information about the just-released revenue forecast.
Minnesota finance officials say lawmakers have a $1 billion projected surplus at their disposal in the upcoming session. The estimate provided Thursday in a new economic forecast should make for a smoother path to a new two-year budget.
The Minnesota Orchestra says it has ended the 2014 budget year with a smaller-than-expected deficit of $650,000. The orchestra announced Tuesday that it reduced its deficit despite a 16-month lockout of union musicians that ended Feb. 1.
The embattled Archdiocese of St. Paul and Minneapolis has announced it will be slashing its budget by 20 percent. In a statement, the archdiocese says more than $5 million in cuts is due to unexpected legal fees.
After a year filled with scrutiny and scandal, the Archdiocese of St. Paul and Minneapolis says cuts are coming. The archdiocese will cut more than $5 million, or about 20 percent from its budget.
Republican Senate candidate Mike McFadden is making several promises for legislative action if he defeats Sen. Al Franken. McFadden vows to help write a balanced budget amendment — and a bill that would halt lawmaker pay if Congress doesn’t pass a budget — within his first 100 days in office.
Minnesota’s tax collections for the year have fallen further behind earlier projections. State finance officials reported Wednesday that tax collectors took in $10 million less than expected in August. Individual income taxes lagged the most. In all, the state took in more than $1.3 billion last month.
Wisconsin’s state budget will be nearly $1.8 billion in the red by mid-2017 based on a new estimate Monday, providing Democrats with more fodder to argue that Gov. Scott Walker and Republicans in control of the Legislature have mismanaged the state’s finances.
The mayor of Minneapolis hopes hiring four additional 911 operators will mean more consistent response times. Mayor Betsy Hodges says 911 calls are answered, on average, within 6 or 7 seconds.
Minneapolis Mayor Betsy Hodges unveiled Thursday her 2015 budget proposal for the city. She said her first budget focuses on equity, growth and running the city well. It also includes a property tax increase and a $3.5 million proposal to fund the Nicollet Mall redesign.
Republican candidate for governor Marty Seifert says lawmakers should consider tapping the state’s rainy-day budget reserve for a road-construction infusion. Seifert said Friday that pulling from the reserve would be one option he’d use to address a backlog of road and bridge needs. He’s opposed to raising new revenue through taxes and fees.
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Minnesota finance officials are releasing the latest details on state tax collections after a few months of disappointing figures. The quarterly update due Thursday covers revenue for April, May and June.
Minnesota’s defense against future budget shortfalls is a bit sturdier. State finance officials said Tuesday they deposited $150 million more into Minnesota government’s main rainy-day account.
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