Minnesota one of few states to scale back tax credits for low-income families
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Most states have been facing budget shortfalls. Continue Reading
House adds revenue proposal to Health and Human Services bill
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The Minnesota House of Representatives took a balanced approach to addressing the state’s budget challenges after adding a revenue-raising measure to the House omnibus health and human services omnibus bill (HF 2614).
New database demonstrates importance of state property tax refunds and credits
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The Minnesota Department of Revenue and state policymakers are getting new insights into the relationship between homeowners’ income and their property taxes. Continue Reading
April Update: State revenues down a tick, economy still on recovery track
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Minnesota state revenues were $41 million below forecasted levels in February and March, or two percent below projections, according to Management & Budget’s (MMB’s) April 2010 Economic Update. The numbers do not seem to reflect a weakening economy, it said. Continue Reading
State averts short-term borrowing…for now
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The state of Minnesota will not have to resort to short-term borrowing to address cash flow shortages this fiscal year (which ends on June 30), but the picture for the state’s next fiscal year remains troublesome.
The state’s current cash flow situation is looking better than previously projected, but the balance in the state’s statutory general fund is still projected to fall belo Continue Reading
Tax Freedom Day: Repeating flawed analysis doesn’t make it right
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It’s becoming something of a ritual. Continue Reading
Public safety isn’t spared in Pawlenty’s supplemental budget
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The Governor says his FY 2010-11 Supplemental Budget maintains priority areas including core public safety.
That assertion is open for debate, and comes down to the definition of “core public safety.” The administration is defining it narrowly to include the Minnesota State Patrol, Bureau of Crimina Continue Reading
Governor’s budget spares K-12, but cost shifts remain
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The Governor’s K-12 Supplemental Budget proposal is both the easiest to understand and the most complex.
The easy part: The proposal does not cut state aid to local school districts. Continue Reading
Action needed to ensure emergency UI benefits don’t expire
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Minnesota’s December unemployment rate was down from its 8.4 percent June peak, but many Minnesotans remain out of work and unable to find it.
Many states raise taxes to help balance budgets
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Policymakers in 30 states passed tax increases last year, according to a July 2009 report by the Center on Budget and Policy Priorities. Those include states with both Republican and Democratic governors, who took balanced approaches to resolving their state’s budget shortfalls. Continue Reading