Wis. Finished Fiscal Year With $135.6 Million SurplusGovernor Scott Walker's administration says the state finished the last fiscal year with a $135 million surplus.
Grain Surplus, Strong Dollar Could Hamper Record Growing SeasonAs a stiff, southern breeze shimmers a ripening field of soybeans, fall harvest cannot be far behind. This summer's growing season is about as close to perfect as it gets for grain farmers like Bruce Peterson of Northfield.
Bill Would Have Commerce Dept. Do More To Return Unclaimed Funds Lawmakers are trying something new to return thousands of dollars to Minnesotans who may not know their money is missing.
Minnesota Scoops Up Extra $555M In Taxes For The YearState officials released a report Friday showing revenue collections were up nearly 3 percent above projections for the fiscal year ending in June.
MN GOP Rolls Out Surplus Refund Ad CampaignA 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.
Dayton Calls For More Budget Specifics From House GOPGov. 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.
Bakk: Hold Back Some Of Surplus In Case Of Tax-Lawsuit LossSenate 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.
Dayton Lifts Education In $42 Billion Budget But Test AwaitsEvery 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.
Dayton Ups Amount Of Surplus He's Willing To SpendGov. 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."
Dayton Would Devote Half Of Surplus To Tax BreaksGov. 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.
Lawmakers Mull Padding Reserve With Budget Surplus 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.
State Surpluses Spark Debate On Tax Cuts, SpendingAs 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.