Monthly Archives: April 2010

Senate proposes $114 million in cuts to health and human services

The Senate health and human services omnibus bill was released Thursday morning with little fanfare, revealing a plan to reduce the state’s budget deficit by $114 million in FY 2010-11. Like the House bill released earlier this week, the Senate bill … Continue reading

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House omnibus health and human services bill moving quickly

The House health and human services omnibus bill was passed out of committee on Tuesday night (actually, more like early Wednesday morning). The bill had to try to balance the needs of Minnesotans struggling during these tough economic times with … Continue reading

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The big “What if?”: State leaders ponder federal inaction on hoped-for health care dollars

It appears likely that the state of Minnesota will get a $408 million boost in health care funding from the federal government, according to Tom Hanson, Commissioner of Minnesota Management and Budget (MMB). However, it is very unlikely that the … Continue reading

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The big "What if?": State leaders ponder federal inaction on hoped-for health care dollars

It appears likely that the state of Minnesota will get a $408 million boost in health care funding from the federal government, according to Tom Hanson, Commissioner of Minnesota Management and Budget (MMB). However, it is very unlikely that the … Continue reading

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New state tool could boost Property Tax Refund participation

Minnesota Department of Revenue has a new tool that could help more homeowners get property tax refunds. The Property Tax Refund for homeowners – commonly called the Circuit Breaker – provided a property tax refund for over 342,000 households in … Continue reading

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New database demonstrates importance of state property tax refunds and credits

The Minnesota Department of Revenue and state policymakers are getting new insights into the relationship between homeowners’ income and their property taxes. They are getting them through a new research tool called the Voss database. The database helps state leaders … Continue reading

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Senate Tax Committee passes omnibus bill: Whimper, not bang

The Minnesota State Senate passed its omnibus tax bill without fanfare Wednesday. SF 3327 is a policy-oriented bill with only a small budget impact. The Senate omnibus tax bill generates $3.3 million in FY 2011, essentially a tiny infusion for … Continue reading

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Obama budget would shave $1.3 trillion off federal deficit over the next decade

President Obama’s proposed 2011 budget would reduce the federal deficit by about $1.3 trillion over the next decade, according to an analysis from the Center on Budget and Policy Priorities. Under current law, projected federal deficits would total more than … Continue reading

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April update: State revenues down a tick, economy still on recovery track

Minnesota state revenues were $41 million below forecasted levels in February and March, or two percent below projections, according to Management & Budget’s (MMB’s) April 2010 Economic Update. The numbers do not seem to reflect a weakening economy, it said. The … Continue reading

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State averts short-term borrowing…for now

The state of Minnesota will not have to resort to short-term borrowing to address cash flow shortages this fiscal year (which ends on June 30), but the picture for the state’s next fiscal year remains troublesome. The state’s current cash flow … Continue reading

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