Governor and legislative leaders rebalance the budget
The hand-wringing and the vote-counting are over.
Minnesota finally has a budget that protects the middle class, invests in our future, and protects the health of seniors.
It was no mean feat. The Governor and the legislative leaders had to hold fast to the right priorities through threats of filibusters, add-on amendments, and even talk of businesses exiting the state.
Governor Mark Dayton and legislative leadership had to rectify years of imbalanced budgets and re-invest in state programs that had been long ignored. In summary, the top 2 percent of wage earners will pay about 2 percent more in taxes, which will raise $1 billion dollars; cigarette and other tobacco taxes go up, which will raise another $600 million and hopefully convince some to quit; and they found money in the couch cushions too by closing corporate tax loopholes, which raises $424 million in business tax write-offs.
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