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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: May 2010
Unemployment insurance update: Big vote expected tomorrow
This Thursday, Congress is expected to take up legislation that extends federal emergency unemployment insurance (UI) benefits and supplemental COBRA health insurance benefits through the end of 2010. New eligibility for federal UI benefits will expire June 2 if Congress doesn’t … Continue reading
While you were sleeping: Budget balancing agreement sparks special session
The legislature and Governor arrived at an agreement to balance the state’s budget shortly before midnight on Sunday night. Facing a midnight deadline for passing a bill during the regular legislative session, the Governor called a special session beginning at 12:01 a.m. … Continue reading
Join sign-on letter to Congress supporting Child Tax Credit, Earned Income Tax Credit
The Minnesota Budget Project is seeking organizations to join our sign-on letter to the Minnesota Congressional delegation in support of recent improvements to the Child Tax Credit and the Earned Income Tax Credit. Both of these tax credits are vital … Continue reading
Posted in Taxes
Tagged child tax credit, Congress, earned income tax credit, EITC, federal, federal taxes
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Federal Medicaid resources would prevent cuts to Minnesota’s most vulnerable
Minnesota has been waiting for months to see if Congress will act to extend the enhanced Medicaid matching rate (frequently referred to as the FMAP extension). At issue is an anticipated increase in federal dollars for Medicaid, health care for low-income … Continue reading
Posted in Budget Proposals, Federal Budget
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Federal Medicaid resources would prevent cuts to Minnesota's most vulnerable
Minnesota has been waiting for months to see if Congress will act to extend the enhanced Medicaid matching rate (frequently referred to as the FMAP extension). At issue is an anticipated increase in federal dollars for Medicaid, health care for low-income … Continue reading
Posted in Budget Proposals, Federal Budget
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Legislature’s tax plan would impact few small business owners
On Monday, the Legislature passed a new fourth-tier income tax bracket on taxable incomes above $200,000 for a married couple filing jointly as part of a larger budget plan. Analysis finds that few small business owners would pay more under … Continue reading
Legislature's tax plan would impact few small business owners
On Monday, the Legislature passed a new fourth-tier income tax bracket on taxable incomes above $200,000 for a married couple filing jointly as part of a larger budget plan. Analysis finds that few small business owners would pay more under … Continue reading
Top income tax bracket is part of a balanced approach to fix the deficit
The Minnesota Legislature voted Monday to create a new tax bracket on high-income households as one small part of an overall budget fix. The new tax bracket and an early phaseout of federal tax cuts on high-income households would raise … Continue reading
Posted in Budget Process, Budget Proposals, Taxes
Tagged 4th tier, income taxes, tax migration
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Health and human services conference committee wraps up
Late Tuesday night, the House and Senate conference committee came to an agreement on $114 million in reductions to health and human services for the FY 2010-11 biennium. The conference report (HF 2614) takes positive steps to provide health care … Continue reading
State revenues up a tick in April
Preliminary figures for April show the state’s revenue collections slightly above forecasted projections. The state collected nearly $19 million above forecast, or 1.4 percent above projections. Total receipts were $1.3 billion. Minnesota Management and Budget (MMB) takes a look at … Continue reading
