This year it’s not a matter of if there will be tax cuts for Minnesotans; the only question is by how much. Lawmakers are busy coming up with ways to use the state’s billion-dollar-plus surplus. Minnesota’s economy this election year is generating the kinds of jobs and tax revenues not seen in years.
A tantalizing Minnesota budget surplus has stirred talk of tax cuts or funding bumps for prized programs and infrastructure upgrades, but a less-flashy option also has gained some currency: saving some to prepare for the next economic downturn.
The Minnesota House quickly passed a bill Tuesday to send emergency heating aid to people suffering through the brutal winter, setting a rapid pace on the first day of what could be a quick legislative session.
Gov. Mark Dayton is pitching almost $1 billion in bonds for the state to take on to fund improvements in areas like higher education and infrastructure in Minnesota. Dayton introduced his proposal for a $986 million bonding bill for the state in the 2014 budget Wednesday.
Some Minnesota school districts say they are at a disadvantage in paying for basic maintenance because the state allows only a small number of districts to raise taxes without voter approval. A special committee will make recommendations to the Legislature in February on how and whether the system should be changed.
Minnesota city and county governments have a good reason to wait until after the holidays to do any major shopping: Starting Jan. 1, much of the stuff they buy will be tax-free.
How did Minnesota’s Congressional delegation vote on Budget Deal? Listen to the Podcast!
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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.
Upset that Medical Device Tax hasn’t been repealed.
Amy Klobuchar’s star still rising?
Can the House hold up their end of the bargain?