MN House Budget Proposal Expected Tuesday
St. Paul, MN — As it is a budgeting year, the highest priority for the Minnesota Legislature is to pass a new budget bill for the next biennium, which is no easy task for the only divided legislature in the nation. The Governor and the Republican controlled Senate have come out with their proposals, and the Democrat controlled House will release theirs later this week. The Governor also came out with a revised proposal after the economic and budget forecast showed a much stronger economy than anticipated. His revision still included many of the same spending items, such as the paid family medical leave program, border to border broadband, and increases to education funding, but he has tamed some of the tax increases he originally included in his first proposal, according to Representative Paul Marquart.
The Senate’s proposal is significantly different compared to the Governors’. Their $51.9 billion proposal features $591 million in tax relief on the Paycheck Protection Program and unemployment benefits, a 5% cut to government administrative costs, $100 million for unemployment, and $40 million in broadband investments. While their bill is actually similar in size to the Governor’s proposal, the biggest difference is that it includes no tax increases.
Representative Marquart couldn’t give away any specifics on what the House will be unveiling later this week, but he says one thing that is on the table is potential reform on corporations that utilize foreign operations to avoid paying taxes.
The House is expected to release their budget proposal on Tuesday this week. Representative Marquart joins the KRJB Kaleidoscope Program each Friday at 9am.