Senate GOP reveals plan to resolve unemployment fund deficit
2 years, 11 months ago

Senate GOP reveals plan to resolve unemployment fund deficit

Associated Press  

ST. PAUL, Minn. — Minnesota Senate Republicans on Monday released a $2.73 billion proposal to repay the state’s debt to the federal government for unemployment benefits during the pandemic and prevent a looming tax hike on businesses. Lawmakers want to use the state’s projected $7.7 billion surplus and more than $1 billion in leftover federal aid to replenish the fund, urging fast action on the issue before a March 15 deadline when an automatic payroll tax hike would put businesses on the hook to repay the federal loan debt. While there’s support on both sides of the aisle to replenish the trust fund, some Democratic House members expressed concern that large businesses and corporations that did well financially during the pandemic would also benefit. Democrats have also suggested tying the trust fund debt repayment to a provision for “hero pay” checks for frontline workers but Democratic Rep. Gene Pelowski of Winona, who joined Republicans at the Monday news conference, said that the unemployment insurance bill should stand alone.

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Minnesota budget deals remain elusive near end of session
2 years, 7 months ago

Minnesota budget deals remain elusive near end of session

Associated Press  

ST. PAUL, Minn. — Minnesota lawmakers couldn’t find common ground on several budget bills Friday as the end of their legislative season rapidly approached. Democratic House Speaker Melissa Hortman, of Brooklyn Park, said tax committee chairs have made “fantastic progress” on a $4 billon tax relief bill, echoing Republican Senate Majority Leader Jeremy Miller’s comments Thursday that a deal on …

Minnesota Senate GOP unveils massive $8.5B tax cut proposal
2 years, 10 months ago

Minnesota Senate GOP unveils massive $8.5B tax cut proposal

Associated Press  

ST. PAUL, Minn. — Minnesota Senate Republicans on Thursday announced a tax cut proposal that would cost more than $8.5 billion over the next three years, which they say would make it the largest in the state’s history. It would use up roughly $3.5 billion of the state’s $7.7 billion projected surplus in the current and cut into the next …

Minnesota budget officials project huge $7.7 billion surplus
3 years, 1 month ago

Minnesota budget officials project huge $7.7 billion surplus

Associated Press  

ST. PAUL, Minn. — Minnesota officials will release an updated budget forecast on Tuesday that’s expected to show further improvements and set the stage for the 2022 legislative session. This will be the first major revenue-and-spending forecast since projections from Minnesota Management and Budget in February, when an anticipated $1.3 billion deficit due to the pandemic swung to a $1.6 …

Minnesota to get $200M more than expected in federal aid
3 years, 7 months ago

Minnesota to get $200M more than expected in federal aid

Associated Press  

MINNEAPOLIS — Minnesota’s state government will get about $200 million more than it was expecting under President Joe Biden’s coronavirus relief package, and Democratic Gov. Tim Walz expressed hope Monday that new guidelines over how states can spend the aid might help speed up the slow pace of negotiations over the state’s next budget. The legislative session is due to …

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