Budget

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Budget Debate To Heat Up As New Economic Report Sets Surplus

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.

02/25/2015

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Republican Lawmakers Respond To Governor’s Pay Hikes

Minnesota Republican leaders today ramped up their criticism of Gov. Mark Dayton’s hefty pay hikes for his Cabinet. The Democratic governor issued a letter to the legislature, calling the pay hikes “necessary” and “legal.”

WCCO-TV–02/09/2015

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Podcast Page: 2-5-15 The WCCO Morning News With Dave Lee

Listen to U of M President Eric Kaler discuss measles preparations, and other highlights from Thursday by clicking the link above.

02/05/2015

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Podcast Page: 2-3-15 The WCCO Morning News With Dave Lee

A Timberwolves Ticket Tuesday…..click the link above to listen to Erik Paulsen discuss vaccinations, President Obama’s Budget and more.

02/03/2015

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Minnesota Zoo Seeks Emergency Funding From Government

The Minnesota Zoo is asking the legislature for help with a million dollar budget deficit. Zoo officials said they may otherwise be facing some difficult decisions to make it up, including the possibility of closing some exhibits.

WCCO-TV–02/02/2015

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Budget Fine Print: More Fines For Texting Drivers, Park Fees

Getting caught texting while driving could carry a steeper fine. Entrance fees at Minnesota state parks would rise slightly to pay for upkeep. Meat, poultry, canning and other food-production plants would be more likely to come under inspection thanks to beefed-up budgets.

01/28/2015

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Dayton Signs $17M Flood, Disaster Relief Bill

Gov. Mark Dayton has signed a bill to help rebuild Minnesota roads and restore lands hit by flooding last June. Dayton signed the bill Tuesday. The bill provides $17.3 million in state aid, including $11.8 million for flood and disaster relief.

01/27/2015

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Dayton’s Proposal Includes $10 Million To Replace Planes

Gov. Mark Dayton’s budget proposal includes almost $10 million to replace two planes used for state employee travel.

01/27/2015

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Dayton Calls For Rail Tax Changes, Fees To Fund Upgrades

Gov. Mark Dayton says railroad companies need to pay more to ensure Minnesota communities can handle increased train traffic. The Democratic governor is proposing updating how the state taxes railroad companies to include train cars and bridges.

01/27/2015

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Gov. Dayton Sheds Light On Education Funding Increases In Budget

More details are spilling out from Gov. Mark Dayton about his upcoming budget proposal, and this time it’s about new money for education programs.

01/23/2015

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Dayton Details Child Care Tax Credit He’ll Have In Budget

Gov. Mark Dayton will seek approval for an expanded child care tax credit that would extend the benefit to 92,000 more Minnesota families.

01/20/2015

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LEGISLATURE ’15: Budget, Bridges, Booze And More

The strike of a gavel Tuesday will start Minnesota’s Legislative session, a marathon of bills, amendments, debate and disagreements that will run into the spring. Here’s a taste of what may be brewing at the Capitol this year.

01/03/2015

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Lawmakers Seek Deeper Look At State Finances

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.

12/05/2014

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Minnesota Officials Expect $1 Billion Surplus

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.

12/04/2014

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Minnesota Orchestra Posts $650,000 Deficit

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.

12/03/2014

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Twin Cities Archdiocese Slashes Budget, Cites Unexpected Legal Fees

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.

11/10/2014

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Twin Cities Archdiocese Shaving $5M Off Budget

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.

11/09/2014

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McFadden Releases Plan For Legislative Action

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.

10/08/2014

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Monthly Tax Collections Off By $10M In August

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.

09/10/2014

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Wisconsin Shortfall Projected At $1.8 Billion

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.

09/08/2014

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Hodges Wants To Hire More 911 Operators In Mpls.

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.

08/14/2014

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Hodges’ 2015 Budget Includes A Tax Increase, Money For Affordable Housing

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.

08/14/2014

Marty Seifert Talking Points

Seifert Eyes Budget Reserve For Possible Road Aid

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.

08/08/2014

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5 Tips For Budget Travel To Italy

Traveling to Italy is a wonderful but expensive adventure. Make the most of your money with these five budget tips.

08/05/2014

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State To Learn If Lagging Revenue Pattern Persists

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.

07/10/2014

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