Minnesota Management and Budget (MMB) reported on Monday, June 10th that revenue collections in Minnesota totaled $1.4 billion in May. This represents a $25.8 million increase over what was projected to be collected for the...more
6/17/2013
- Revenue
Both the House and Senate Tax bills have begun to take shape at the Capitol this week. The House Omnibus Tax Bill passed out of the Tax Committee on Wednesday, April 17 and Ways and Means on Friday, April 19. The reform...more
4/22/2013
- Proposed Legislation
Governor Mark Dayton formally released his supplemental budget on Thursday, March 14. The Governor’s revised budget is always issued a few weeks after the February Economic Forecast and usually includes only modest changes...more
3/18/2013
- Proposed Legislation State Budgets State Taxes
According to Governor Mark Dayton’s Sales Tax Reform Plan, all existing and newly taxed items will be subject to a 20% sales tax rate reduction to 5.5%. Here is a list, released by the Minnesota Department of Revenue, of all...more
2/4/2013
- Sales & Use Tax
Governor Mark Dayton released his FY 2014-2015 Budget proposal this morning. The Governor’s Budget reflects the starting point for the five month legislative process in which the House and Senate will assemble Minnesota’s...more
1/23/2013
- Corporate Taxes Income Taxes Property Tax Sales & Use Tax
Governor Mark Dayton will announce his FY 2014-2015 budget recommendations on Tuesday, January 22nd at 11:00 am in the Skjegstad Room (Room 2000) at the Minnesota Department of Revenue...more
1/22/2013
- State Budgets
Let’s take another look at the State’s December 5th Forecast by breaking it down into two parts. Part 1 involves our current biennium, FY 2012-2013, which only has seven months remaining. Part 2 involves the upcoming...more
12/10/2012
In Part 1, I described how the Executive Branch has a decided advantage in budget timing and development over the Legislature. (See post from October 18, 2012) The Legislature is not, however, without advantages of its own in...more
11/30/2012
- Budget Reconciliation
