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Recently on our blog…- Constitutional budget amendments kept on the sidelines May 17, 2012 Nan Madden
- Tax debate ends with one bill signed, one pocket veto May 14, 2012 Nan Madden
- A few pieces from vetoed tax bill find a home in House File 2690 May 9, 2012 Nan Madden
- Scaled-back tax bill still raises unanswered questions about the future May 9, 2012 Nan Madden
- Tax cuts are a risky way to try to stimulate state’s economy May 4, 2012 Nan Madden
Category Archives: Budget Proposals
Tax debate ends with one bill signed, one pocket veto
This afternoon, we saw the final chapter of the tax debate for the 2012 Legislative Session as Governor Dayton took action on the two remaining tax bills. And we are largely back where we started, with some of the most … Continue reading
Posted in Budget Proposals, Taxes
Tagged 2012 Legislative Session, omnibus tax bill, property taxes, tax bill, tax reform
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A few pieces from vetoed tax bill find a home in House File 2690
I blogged earlier today about how some of the ideas from the vetoed omnibus tax bill (House File 2337) have found new life in two other tax bills moving today at the Legislature. House File 247 includes many provisions from … Continue reading
Posted in Budget Proposals, Taxes
Tagged omnibus tax bill, property tax refund, renters credit, tax credits, Taxes
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Scaled-back tax bill still raises unanswered questions about the future
Last week, Governor Dayton vetoed House File 2337, the omnibus tax bill. But that doesn’t mean the tax discussion is over for this session. Two other tax bills are moving through the Legislature today. House File 247 is in many … Continue reading
Tax cuts are a risky way to try to stimulate state’s economy
Proponents of the omnibus tax bill vetoed today by Governor Dayton made the case that the tax cuts it contains – primarily a freeze on the statewide property tax paid by businesses and cabins and incentives for investors in certain … Continue reading
Posted in Budget Proposals, Economy, Taxes
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Tax conference committee avoids cuts to renters’ property tax refunds, passes tax bill
The tax conference committee, charged with working out a compromise between House and Senate omnibus tax bills, appears to have finished their work and have passed a conference committee report. Perhaps the most positive feature of the conference report on … Continue reading
Posted in Budget Proposals, Taxes
Tagged property tax refund, renters credit, targeted property tax refund
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Governor Dayton vetoes Legislature’s plan to use reserves to buy back school shift
A debate between Governor Dayton and the Legislature over how quickly to reverse the school funding shift has put the spotlight on the proper role of the state’s budget reserve. We have all heard how policymakers opted to delay $2.7 billion … Continue reading
Posted in Budget Proposals, Education
Tagged budget reserve, school funding shift, state budget, state reserves, surplus
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New issue brief highlights mixed news from the February Forecast
We recently released our analysis of the State of Minnesota’s February forecast: Surplus Short-Lived as Deficit Looms. It explains how the $323 million surplus gives Minnesota a chance to catch up on some bills, but the projected $1.1 billion shortfall in FY 2014-15 reminds us that we … Continue reading
Posted in Budget Proposals, Economy, Taxes
Tagged deficit, economic forecast, February Forecast, shortfall, surplus
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Governor Dayton’s supplemental budget focuses on fixes
On Monday morning, Governor Dayton released a supplemental budget proposal that focuses mostly on addressing concerns from last year’s budget. The recent February Forecast projected a small surplus for the current budget cycle, so no major budget changes are required. Recognizing the … Continue reading
Posted in Budget Proposals
Tagged Dayton, EMA, emergency medical assistance, fasttrac, jobs now tax credit, minnesota investment fund, PCA, relative personal care attendant, supplemental budget
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Tax changes for online hotel booking create level playing field
It was little noticed, but Minnesota did score a small victory this legislative session: The state budget created a level playing field between similar businesses, and it updated our tax system to catch up with modern technology. Online booking agencies such as Priceline … Continue reading
Posted in Budget Proposals, Taxes
Tagged hotel taxes, lodging tax, online booking agencies, state budget, tax system
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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
Posted in Budget Proposals, Taxes
Tagged 2011 legislative session, agriculture and environment, aids, credits, health and human services, higher education, jobs and economic development, K-12 education, K-12 education shift, public safety and judiciary, reserves and cash flow, state government, Taxes, tobacco bonds, Transportation
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