Monthly Archives: August 2011

Proposed constitutional amendment would lead to more bad budgets

Minnesota is still reeling from a contentious legislative session and a state government shutdown. Now some policymakers are advocating for a constitutional amendment that would permanently undermine our ability to arrive at common-sense solutions to balancing the state’s budget. The amendment would guarantee gridlock … Continue reading

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New analysis looks at details of the 2011 budget agreement

As the dust settles from the nearly three-week state government shutdown and the whirlwind special session, many advocates have been sorting through spreadsheets and bill language to figure out just what happened. At the Minnesota Budget Project, we’ve just released our … Continue reading

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Short-term budget solutions are leading to credit rating problems for Minnesota

Minnesota and the U.S. government have suffered recent downgrades in their credit ratings. The negative news could worry investors and may eventually lead to higher borrowing costs for federal, state and local governments. However, it is important to take note of the reasoning behind the recent downgrades: credit … Continue reading

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Minnesotans favor budget road not taken: Balance spending cuts and new revenue

Two out of three Minnesota residents want state leaders to balance the budget using a mix of tax increases and spending cuts, according to a new MinnPost poll. It found 66 percent favor a combination of spending cuts and tax … Continue reading

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Raising income taxes on high-income people won’t push them out of state

If states raise income taxes on high-income households, the wealthy won’t flee, according to a new report from the Center on Budget and Policy Priorities (CBPP). According to the report, many factors influence people’s decisions to move, but state taxes do … Continue reading

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