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Budget / Taxes

Mar 30, 2012

Senate passes tax bill

The Senate passed its tax bill Friday night on a 34-26 party-line vote. Republicans beat back several DFL amendments.

Mar 12, 2012

Dayton supplemental budget aims at health care, jobs

Gov. Mark Dayton has offered a revised budget that raises revenue from business taxes to provide increased funding for several priorities.

Feb 21, 2012

House taxes committee hears ‘Amazon’ bill

The House is continuing to grapple with the thorny issue of taxing Internet sales. Legislation that has been the subject of multiple Taxes Committee hearings has drawn opposition from national online retailers.

Feb 20, 2012

Shutdown-related bills are moving through Senate

A Republican state senator is moving legislation through committee that would hit lawmakers in their pocketbooks when they don’t pass a budget on time.

Jan 10, 2012

Legislative leaders agree on 2012 agenda, but split on details

DFL and GOP legislative leaders expressed optimism that the looming legislative session will be less combative than in 2011 at a panel discussion Tuesday morning. House and Senate leaders of both parties indicated support for a bonding bill, skepticism about the prospects for passing a Minnesota Vikings stadium bill and confidence that the legislative session can be finished prior to Easter.

Dec 1, 2011

December surprise: Minnesota has unexpected $876 million surplus

Minnesota will have $876 million more than it is projected to spend in the current two-year budget cycle. The surprise surplus upends fears that the state would once again be facing a budget hole heading into next year's legislative session.

Nov 10, 2011

State revenues drop in October compared to forecast

State revenues declined in October by $58 million, or 4.4 percent, compared to the February economic forecast. Corporate income taxes took the biggest dive for the month.

Oct 19, 2011

Lawmakers to scrutinize pension assumptions

A policy debate over the financial assumptions for the state’s public pension funds is brewing at the state Capitol.

Sep 15, 2011

Peterson, Blue Dogs want greater cost savings from ‘super committee’

On Wednesday the Blue Dog Coalition released a letter calling on the so-called congressional "super committee" to "go big" and lay out roughly $4 trillion in cuts over the next decade. That's significantly more than the $1.5 billion originally outlined in the deal creating the 12-member panel that's slated to report back in November.

Sep 13, 2011

Matt Massman moves up at Revenue

Matt Massman in October will become deputy commissioner at the state Department of Revenue. Massman will replace veteran Revenue official Dan Salomone who is retiring October 3.

Sep 9, 2011

Wisconsin payment helps Minnesota finish FY ’11 in the black

Minnesota wound up with $355 million more at the end of the 2011 fiscal year than expected, according to a state economic update. Meanwhile, the state's economic consulting firm says the nation's economy is "dangerously close to stall speed."

Sep 8, 2011

Dan Salomone to retire from Revenue Department

Long-time state Department of Revenue official Dan Salomone is retiring. His last day is October 3.

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