Gov. Mark Dayton says Minnesota’s newly announced $1 billion budget surplus should be used to repeal three controversial planned sales tax increases and for middle class tax relief. The first $246 million of the budget surplus that state officials announced Thursday goes to settling remaining IOUs to schools.
Minnesota finance officials are predicting a state budget surplus of more than $1 billion. That estimate released Thursday means the state can fully pay the remaining IOUs to public schools that piled up during tougher budget times.
Forget the return of deep snow and cold temperatures. The forecast Minnesota’s political class is watching this week has to do with the state budget.
The Minnesota Vikings say they’ll raise their contribution to a new stadium to more than $500 million to make sure the project has everything they want. Vice President Lester Bagley says the extra money is the only way to preserve the design and features in the new stadium, which will now cost more than $1 billion.
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Minnesota schools will learn Monday how much the state will pay them to settle up on some big IOUs. Lawmakers temporarily shaved more than $2 billion in payments to schools in recent years to patch holes in state government’s budget.
The state of Minnesota is ready to make good on some of its IOUs to public schools. Minnesota budget officials were revealing Monday how much back-pay schools would be coming their way.
Bethenny Frankel shares an excerpt from Skinnygirl Solutions. If you’re traveling on a budget, first ask yourself these eight questions.
President Obama brought together his National Security Council Tuesday afternoon to decide whether to cut off aid to Egypt after violence in the country has led to deaths of more than 1,000 people just this week. So, how much foreign aid does the United States give and where does it go?
The Minnesota Legislature’s most senior members are getting a rundown on how the state’s economy is performing. Nine top House members and nine from the Senate were due to convene the Legislative Commission on Planning and Fiscal Policy on Thursday.
Leading figures from Minnesota’s state budget agency are headed to Wall Street for meetings with influential credit rating firms. The bond house trips are typical after a new state budget is adopted and before the state gets ready to issue long-term debt to pay for construction projects.
Minnesota’s tax revenues for the budget year that ended June 30 came in $463 million ahead of forecast, state officials said Wednesday, and that means more money will be on its way to schools.
A quarterly check-up on Minnesota’s tax collections will also offer a glimpse of how the state’s economy is faring moving forward. The update was due out Wednesday from the Department of Minnesota Management and Budget.