Minnesota Budget Project's blog
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.MORE »
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 businesses – would spur economic growth in Minnesota.MORE »
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 confMORE »
Lawmakers still considering asking renters to pay for business tax cuts
Many Minnesotans put the final touches on their income tax forms yesterday, and as they did so, many also submitted their applications for state property tax refunds, which help homeowners and renters whose property taxes make up a high share of their incomes.MORE »
Senate omnibus tax bill worsens state's future revenue shortfall
The Senate Tax Committee passed its omnibus tax bill, Senate File 1972, last week. The bill would cut taxes by $102 million in FY 2012-13 and $193 million in FY 2014-15. The major tax cut provisions include:MORE »
House omnibus tax bill makes dramatic cuts to renters' property tax refunds
Last month we discussed dramatic cuts to the Renters’ Credit passed by the House Property and Local Tax Division. Those cuts were used to pay for a reduction in the statewide business property tax.MORE »
National study calls supermajority amendments a 'bad idea'
A supermajority requirement in Minnesota would not produce promised results, if the experiences of states that already have supermajority rules are any indication.MORE »
One likely unintended consequence of a supermajority amendment
Minnesota could see pressure to increase property taxes if a constitutional supermajority amendment is adopted, according to a new Minnesota Budget Project analysis.MORE »
Our priorities for Minnesota
As the Legislature opens the 2012 session today, the Minnesota Budget Project is out with our policy agenda. We will focus on dangerous constitutional budget amendment proposals and improving health care in Minnesota.MORE »
New studies tell a familiar story: Racial disparities in assets
Two new reports from a national think tank look at financial security and opportunity in Minnesota, and find that Minnesota as a whole does better than the national averages, but worse than national averages when it comes to communities of color.MORE »
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