Tag: budget surplus
Former Gov. Arne Carlson: ‘I deeply regret’ endorsing Tim Walz
It’s been more than a quarter century since Arne Carlson last held elected office in Minnesota.
But the former Republican governor -- a self-professed moderate -- has...
Walz releases $1 billion bonding proposal ahead of 2024 session
As Gov. Tim Walz unveiled his administration’s $982 million infrastructure spending plan for the upcoming legislative session on Tuesday, he emphasized that the bonding package, about...
Minnesota budget surplus now $2.4 billion but deficit looms
Officials with Minnesota Management and Budget announced Wednesday that the state's projected budget surplus now sits at $2.4 billion. However, state officials warned that...
Iowa vs. Minnesota: The future of state fiscal policy
(RealClearWire) — “A tax-cutting wave is sweeping over America’s states,” The Economist claims in a recent feature, and Iowa, it argues, has “emerged as America’s tax-cutting champion,...
State updates 2024 forecast, now says surplus has climbed to $2.4...
Republicans in the state House and Senate are calling for tax relief to be the focus of the next legislative session after the Minnesota...
Democrats are ‘being true’ to who they are by proposing tax...
A Democratic state representative gave a passionate defense of taxes during a committee hearing Tuesday, saying his party is being “true to who we...
Democrats agree to spend entire budget surplus
(The Center Square) — Minnesota lawmakers agreed to spend an additional $17.9 billion on top of the base budget of $52.4 billion, likely depleting...
Despite projected $17B surplus, DFL pitches payroll tax hike
(The Center Square) — Despite a projected $17.6 billion surplus, Gov. Tim Walz pitched a future payroll tax hike to fund paid family and...
Democrats Double Down On Tax Hikes Plans Despite Soaring Surplus
Minnesota budget officials released the state’s economic forecast on Thursday, projecting a $1.5 billion surplus going into the next biennium.
“Minnesota’s budget and economic outlook...
MN On Track for $1.65 Billion Surplus
Republicans want to give some of the surplus back to Minnesotans through tax relief
St. Paul, MN - The Minnesota Management and Budget (MMB) Commissioner...