Minnesota Government Shutdown Update - July 15, 2011

Winthrop & Weinstine, P.A.
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Republican legislative leaders and Governor Dayton have agreed to the framework of a budget deal that they hope will bring an end to the “Government Shutdown,” currently in its 15th day. The Governor will back off of his tax increase proposals and use more shifts and borrowing, as well as cuts, to balance the budget. In exchange, the Republicans will agree to a higher overall spending limit and will drop their proposal to cut 15 percent of state workers. Additionally, Republicans agree to remove certain policy provisions from the bills and a $500 million bonding bill will be assembled. Other parameters of the agreement include...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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