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Tag Archives: Market value homestead credit

DFLers target open House seat on friendly turf

The redistricting maps that were drawn by a panel of judges last winter significantly altered the area immediately southwest of Duluth. Eight-term incumbent Rep. Bill Hilty, DFL-Finlayson, was carved out of the new district that contained a lot of his old turf and he opted not to seek re-election.

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Property tax fix is politically fraught

Property taxes will once again be a politically volatile issue at the Capitol. That was readily apparent at a committee hearing Wednesday evening on a proposal to phase out the state’s business property tax over a dozen years.

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Forecast: Good news, for now

Positive budget news has been in short supply at the Capitol in recent years. So it’s no surprise that Republicans and DFLers alike greeted with relief the surprise announcement that the state is projected to have an $876 million surplus in the current two-year budget cycle.

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Property tax change will shift the burden

As local elected officials prepare their 2012 budgets, they’re feeling the aftermath of a property tax law change by state lawmakers. In order to save about $500 million toward solving a $5 billion state budget deficit, lawmakers killed off the market value homestead credit (MVHC), which had been a product of 2001 property tax reform legislation passed during Gov. Jesse Ventura’s administration.

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Senate DFLers will push for much smaller cuts to local aid programs

When Senate Majority Leader Larry Pogemiller (DFL-Minneapolis) appeared before the press on Monday to react to Gov. Tim Pawlenty's supplemental budget, one key point of emphasis was his vow to reduce the size of Pawlenty's proposed $250 million cut in aid to local units of government. On Thursday, Sen. Tom Bakk (DFL-Cook), whose Taxes Committee will be taking up the matter of local government aid, told PIM he's aiming for a package that limits those cuts to roughly $100 million.

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