$1.35 billion in tax relief, new road & bridge funding highlight responsible budget approach
Saint Paul- House Republicans announced their budget targets Monday, headlined by $1.35 billion in tax relief for Minnesota families, $450 million in new funding for road and bridge infrastructure, and an overall budget target that ensures a sustainable level of state spending for the next biennium.
“The highlight of our budget proposal is a tax target that delivers meaningful and long-overdue tax relief to Minnesota families who work so hard to generate our state’s significant budget surplus,” said House Speaker Kurt Daudt, R-Crown.
House Republicans stated their goal to approach budgeting “The Minnesota Way.” In addition to major tax relief and new road and bridge infrastructure spending, House Republicans are proposing $1.1 billion in new funding for K-12 schools compared to the 2016-2017 biennium.
“Budgeting ‘The Minnesota Way’ means we are funding our shared priorities – improving roads and bridges, lowering health care costs, and delivering middle class tax relief,” said Rep. Regina Barr, R-Inver Grove Heights.
The overall House Republican budget target limits government spending more than the two proposals put forward by the Governor and the Senate.
The budget resolution, containing the targets, will be adopted this week by the House Ways and Means Committee and will serve as the framework for Finance Committees as they construct their budgets.
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