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Recently on our blog…- Constitutional amendment could risk Minnesota’s credit rating February 21, 2012 Scott Russell
- National study calls supermajority amendments a ‘bad idea’ February 16, 2012 Nan Madden
- Proposal asks Minnesota’s renters to pay the price to end business property tax February 10, 2012 Scott Russell
- One likely unintended consequence of a supermajority amendment February 8, 2012 Nan Madden
- Momentum against constitutional budget amendments is building February 2, 2012 Barb Brady
Monthly Archives: March 2009
Lenczewski says House tax proposal “sweeps the barn” of preferential tax benefits
This morning, State Representative Ann Lenczewski, chair of the House Tax Committee, announced the first part of the House discussion about taxes this session. Lenczewski’s proposal would eliminate numerous individual income and corporate tax benefits that she argues are ineffective, go disproportionately … Continue reading
Posted in Budget Process, Taxes
Tagged budget proposal, business taxes, corporate tax, income tax, tax expenditures, Taxes
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Lenczewski says House tax proposal "sweeps the barn" of preferential tax benefits
This morning, State Representative Ann Lenczewski, chair of the House Tax Committee, announced the first part of the House discussion about taxes this session. Lenczewski’s proposal would eliminate numerous individual income and corporate tax benefits that she argues are ineffective, go disproportionately … Continue reading
Posted in Budget Process, Taxes
Tagged budget proposal, business taxes, corporate tax, income tax, tax expenditures, Taxes
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Senate targets are out…$2 billion in revenues, $2.4 billion in cuts
The Minnesota Senate released their targets today. According to their press release, the plan includes $2 billion in unspecified revenue increases and $2.4 billion in permanent spending reductions. There is no mention of how the federal stimulus funds will fit into the … Continue reading
What you need to know about unemployment insurance benefits in Minnesota
We’ve gotten several questions about how the federal economic recovery package will effect unemployment insurance (UI) here in Minnesota and so here’s my two cents on what you need to know. The need for unemployment insurance is high in Minnesota … Continue reading
Posted in Economy, Federal Budget
Tagged federal stimulus, minnesota, unemployment insurance
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New report finds big changes in who is paying Minnesota taxes
The Department of Revenue presented the hot-off-the-presses Tax Incidence Study in House Tax Committee yesterday and the results are dramatic. The study provides information on who pays Minnesota state and local taxes for 2006, the most recent year for which data is available, as … Continue reading
Posted in Taxes
Tagged corporate tax, income inequality, income tax, minnesota, property tax, Taxes
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Newly passed law may bring the budget “tails” into focus
Naturally, there is a lot of focus these days on how we are going to solve the budget deficit for FY 2010-11. But it is important to remember there is another large deficit waiting for us in the following biennium … Continue reading
Posted in Budget Process
Tagged balanced budget, budget, budget deficit, Budget Process, Economy, forecast
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Newly passed law may bring the budget "tails" into focus
Naturally, there is a lot of focus these days on how we are going to solve the budget deficit for FY 2010-11. But it is important to remember there is another large deficit waiting for us in the following biennium … Continue reading
Posted in Budget Process
Tagged balanced budget, budget, budget deficit, Budget Process, Economy, forecast
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More information on federal stimulus in Minnesota
Last week, Minnesota Management and Budget posted some very helpful information on their stimulus website – www.mmb.state.mn.us/stimulus. The 179 page document (Stimulus Summary & Agency Forms) includes detailed descriptions of just about all of the possible funding the state of Minnesota … Continue reading
Minnesota’s February Forecast – federal stimulus clouds the situation
The numbers are out…but the federal stimulus dollars are clouding the seriousness of the situation. The state budget deficit is projected to grow to $6.4 billion for FY 2010-11, or about 17% of the state general fund budget. This is up from the … Continue reading
Posted in Budget Process, Economy
Tagged budget, budget deficit, deficit, Economy, federal stimulus, forecast, forecast deficit budget, recession, Taxes
1 Comment
Minnesota's February Forecast – federal stimulus clouds the situation
The numbers are out…but the federal stimulus dollars are clouding the seriousness of the situation. The state budget deficit is projected to grow to $6.4 billion for FY 2010-11, or about 17% of the state general fund budget. This is up from the … Continue reading
Posted in Budget Process, Economy
Tagged budget, budget deficit, deficit, Economy, federal stimulus, forecast, forecast deficit budget, recession, Taxes
1 Comment
