State officials released a report Friday showing revenue collections were up nearly 3 percent above projections for the fiscal year ending in June.
A new state Republican Party television ad is advocating a full return of Minnesota’s $1.87 billion projected surplus to taxpayers, which is more than majority House Republicans have embraced. Party Chairman Keith Downey framed the “give it all back” rallying cry as a starting point.
Gov. Mark Dayton says majority House Republicans are getting a “free ride” when it comes to the state’s budget planning. Speaker Kurt Daudt says the House GOP will devote at least half of the state’s $1.8 billion surplus to tax relief while also boosting spending for education and nursing homes. Other Republicans have called to return the entire surplus to taxpayers.
Senate Majority Leader Tom Bakk says he’s reluctant to use Minnesota’s projected $1.87 billion surplus entirely because of a tax lawsuit that would be costly if the state loses.
Every Minnesota public school student would be worth more in the eyes of the state if lawmakers support Gov. Mark Dayton’s budget proposal. Dayton wants to increase the basic per-pupil funding formula for school districts by 1 percent in each of the next two years.
Gov. Mark Dayton says he’s willing to devote another $100 million of a budget surplus to spending on pressing needs above his previous proposal. Dayton said Thursday he made the offer to top lawmakers “in the spirit of accommodation.”
Gov. Mark Dayton is proposing to use half of Minnesota’s projected $1.2 billion surplus to cut taxes, with another big chunk going to fill reserve accounts. Dayton outlined his supplemental budget plan Thursday, the day the House was planning to vote on a slightly smaller tax bill.
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.
As they open their legislative sessions, politicians in many states are facing a pleasant election-year challenge: What to do with all the extra money? A slow but steady economic recovery is generating more tax revenue than many states had anticipated.
Minnesota’s government has scooped up $140 million more in taxes for January than finance officials had been counting on.
Hunters who entered Minnesota’s wolf license lottery but lost get another chance starting Monday.
Gov. Mark Dayton told leaders of Minnesota’s counties Monday that he’s sympathetic to their financial difficulties, but promised no immediate relief.
Operating profit from Minnesota health insurance programs for low-income residents increased by about one-third in 2010.