The departure of a top state finance official is triggering a shakeup in Gov. Mark Dayton’s cabinet. Minnesota Management and Budget Commissioner Jim Schowalter will step down for a job in the private sector, the governor announced Wednesday.
Taking from the trash has wound up costing Minnesota big bucks. Custodians of the state treasury forked out $61 million this year — and owe about $40 million over the next few years — to repay a loan half that size from the state’s Closed Landfill Investment Fund. The fund is administered by pollution regulators to pay for programs that ensure proper environmental attention is given to more than 100 closed landfills.
Minnesota leaders are taking stock of state departments that work in tandem with the federal government to determine those most at risk in the shutdown.
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 haul for April was $153 million better than forecasters had expected, a strong month that probably has little effect on the trajectory of legislative budget talks.
After an extended wait, two of Gov. Mark Dayton’s cabinet members are officially in place.
Minnesota lawmakers hope to learn more about how the recent fiscal cliff deal that temporarily averted an economic crisis is shaping the economic picture closer to home.
Deficit-plagued Minnesota is spending nearly $4 million in credit line fees over two years to make sure state government doesn’t bounce checks.
Minnesota Gov.-elect Mark Dayton is sticking with someone who knows his way around Minnesota’s finances to be his chief budget adviser.