Talk of tax cuts has followed word that Minnesota’s budget will run up a $1 billion surplus. Top Democrats and Republicans separately raised the prospect Thursday of giving tax breaks with a portion of the surplus. The first dose could come soon in the next session as lawmakers weigh whether to match up Minnesota’s deductions and credits more closely with those at the federal level.
Minnesota’s tax collections have again come in short of expectations. A state budget analysis released Friday shows tax revenue was $46 million less than projections from July through September.
On its current trajectory, Minnesota’s next two-year state budget will top the $40 billion mark. The Republicans seeking to defeat Democratic Gov. Mark Dayton say they would slam the brakes on spending if they’re put in charge.
The Minnesota Legislature is meeting over the weekend as the clock counts down on the regular session. The House and Senate are both convening Saturday.
Gov. Mark Dayton and the Legislature’s top Democrats announced an agreement Sunday to raise taxes on Minnesota’s wealthier residents and cigarette sales and to spend the extra money on public schools and colleges, as well as on other areas.
Gov. Mark Dayton will travel the state starting this week to make the case for his budget.
UM President Eric Kaler outlined his budget proposal for the next 2 years
Gov. Mark Dayton is proposing Minnesotans pay a lower overall sales tax rate but that it should be applied to more goods and services, including clothes over $100.
Minnesota lawmakers are expecting the worst as the state budget office prepares to release its economic forecast.
Governor Mark Dayton joined Dave Lee on the WCCO Morning News Monday. The Governor talked about the outline for a Viking stadium deal that he is hoping will be done by the end of February.
To see how the state’s financial problems have trickled down to local school districts, look no further than the Rosemount-Apple Valley-Eagan district in the Twin Cities suburbs.
The Minnesota state government giveth, and the Minnesota state government taketh away. But in the case of the record 20-day shutdown last month, it also protecteth itself.
Former Governor Arne Carlson joined Dave Lee on the WCCO Morning News Friday with some advice for State Legislators and Governor Dayton.
Minnesota’s health maintenance organizations are enjoying surging profits from managing three state health insurance programs, and that has attracted the attention of officials looking for cash to balance the state’s budget.