It’s a budget discussion. Have a seat, but don’t lean over.
When Minnesota’s Commissioner of Management and Budget (MMB) Jim Showalter talked to MNA members earlier this month, he made one thing very clear. We’re on the edge of our seat.
That’s because Minnesota’s revenues are a three-legged stool: sales taxes, income taxes, and property taxes. Problem is, sales taxes have fallen short-27 percent of revenues in the last budget cycle. Meaning MNA members and middle-class Minnesotans are bearing the brunt of state needs with property taxes and income taxes. One leg of our stool is a little short. How short? Minnesotans paid 48 percent of Minnesota’s revenues in personal taxes for 2012-2013. (source: http://www.mmb.state.mn.us/doc/budget/report-pie/general-june12.pdf)
That’s not vertigo we’re feeling – it’s April 15th.
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