In his final budget adjustments, Gov. Mark Dayton on Friday announced he would spend $226 million of the state’s projected $329 million surplus, with an emphasis on school safety and education, transportation infrastructure, expanding broadband and altering taxes to conform to recent changes in federal law.
Dayton’s plan, which he called “almost revenue neutral,” centers on the federal Tax Cuts and Jobs Act of 2017 and then hinges on many of the governor’s top priorities. “I’m going to warn you in advance,” he said. “This is complicated.”
The governor’s plan includes $20 million in revenue changes – taxes – by reinstating business and industrial property taxes, restoring tobacco and premium cigar taxes, adding new taxes to exempt data centers and ending certain corporate tax reliefs afforded in the federal code. Dayton pitched expanding the Working Family Tax Credit and separating the state income tax system from the federal government’s system by using adjusted gross income instead of federal taxable income – a change that would give 1.9 million Minnesotans an average of $117 in tax relief.
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Having already heard about the scandal surrounding elder abuse reporting, the House Subcommittee on Aging and Long-Term Care heard Wednesday from trade groups representing Minnesota’s vulnerable adult care providers
The Department of Natural Resources plans to sell more timber from state-owned land over the next decade after officials say a recently released report found those forests could...
The recent school shooting in Parkland, Fla. has encouraged many lawmakers across the country and in Minnesota to revive and rehash various proposals, from increasing mental hea...
Some communities in northern Minnesota are facing a “very difficult situation” as companies are planning to expand and hire workers, but there’s no place for people to live.
Conforming state and federal tax code is a top priority for the House Taxes Committee this session, and the first bill related to federal conformity was discussed Tuesday.
A House committee has approved millions of dollars in emergency funding to fix the state’s troubled vehicle license and registration system — with some strings attached.
In a report to the House State Government Finance Committee, the Administration Department anticipates $8,000 in fees since last July
All-terrain vehicles are one of the few motorized vehicles not allowed on state park roadways. That could change at two state parks. Sponsored by Rep. Dan Fabian (R-Roseau),...
The latest numbers are a $517 million swing from the November forecast
The state’s latest economic forecast projects a budget deficit of $188 million for the current two-year biennium, and a $586 million deficit for the 2020-21 biennium
The budget process explained — and why it matters