Many budget talks ahead for last half of session
Lawmakers are back to work this week to balance and pass a structurally sound budget for the 2014-2015 biennium. The remaining weeks of the 2013 session will be spent working with the House, Governor and all Minnesotans to decide how best to invest in Minnesota.
Shortly before break, the Senate and House released their respective budget targets for the next biennium. These targets formed the framework of our budget discussion. While details of the Senate’s plan are still forthcoming, we know it will be based on three main priorities.
We will make new education investments from funding statewide all-day kindergarten to lowering costs for college students. Additionally, we will focus on providing property tax relief for homeowners and small businesses, including restoration of the Homestead credit. With these priorities comes creating long-term budget stability that allows our state to grow out of continued deficits, help middle-class Minnesotans succeed, and encourage our businesses to expand and grow good-paying jobs.
During the next several weeks, the Tax Committee will work through the details of how to raise new revenue in a fair and responsible way. We are committed to building a plan that erases our deficit, provides property tax relief as well as invests in education and our other shared priorities. Restoring fairness to the tax system will help us create a stable budget for Minnesota’s future.