For more information contact: Chad Urdahl 651-296-5520
The Legislature has provided final approval of several budget bills this week, sending them to the governor for his action. The remaining few should arrive on his desk soon.
Before we get to the budget bills, I would like to note that on Tuesday, the House approved a proposal Sen. Fischbach and I have authored to name a stretch of Highway 23 in Paynesville in honor of a fallen war hero Kenneth L. Olson. Spc. Olson was a 1963 Paynesville High School graduate who went on to serve in the U.S. Army and earned a Medal of Honor. He made the ultimate sacrifice in Vietnam, giving up his own life to spare nearby fellow soldiers. He was a true American hero and I am proud to have authored this bill, which was sent to the Senate for a vote. The Senate is scheduled to vote on the bill on Monday so it can be sent to the governor for his anticipated enactment.
Taxes and transportation are two of the most noteworthy finance packages we passed. The tax bill provides $1.15 billion in relief over the next two years, including a $218 million reduction on the state tax on Social Security income.
With this bill, we have approved a large number of provisions that will put more money in the pockets of Minnesota families, Main Street businesses and beyond. This will relieve the burden felt by our taxpayers, who have been overburdened by our government continuing to take more money than it needs to feed spending growth. This tax bill is key in enacting a responsible new state budget.”
Highlights of the bill include:
The transportation package which received approval invests $5.5 billion over the next 10 years in the state’s transportation needs without raising taxes. The plan includes $2 billion for roads and bridges in the next two years.
The proposal uses transportation-related state tax revenues to invest $372 million in new dollars for roads and bridges. Additionally, the transportation proposal would fund:
Look for more on these and other subjects as we come down to the wire on our May 22 date of adjournment.
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