Legislators and Gov. Mark Dayton are expected to have more than a billion additional dollars at their disposal.
The supplemental budget (House File 3172) approved by the Legislature last Friday and signed by Governor Dayton this morning makes some key investments to build opportunity for all Minnesotans. Using a portion of the $1.2 billion surplus projected in the February Forecast, the final supplemental budget includes $262 million in additional spending for this biennium and $850 million in FY 2016-17. Continue Reading
While Minnesota Public Radio touts the conventional talking points about this year’s session in What the 2014 Legislature did for you, Bluestem is finding all sorts of goodies in the supplemental budget bill, and we’ll be posting more about them in the coming week. Continue Reading
This week, Minnesota policymakers continue to shape the final major budget bills of the session. Targets set late last week are guiding their work, although we may see adjustments and tweaks to those targets before the final deals are struck. Continue Reading
Last year, Minnesota made some much-needed improvements in affordable higher education by restoring some of the funding cut during the Great Recession, according to a new report. After years of severe cuts, policymakers have begun to re-invest in our state’s students and increasing access to an affordable college education. But we haven’t undone all the damage and are still spending 24 percent less on our college students than before the recession. Continue Reading
On the menu at the Minnesota Legislature right now is a three-course fiscal feast. The $1.23 billion General Fund surplus forecast earlier this year for the current biennium provided the fixings for a tax bill, supplemental spending bill and bonding bill.