Too many of the jobs in Central Minnesota — and statewide — fail to support the basic needs of a typical family.
In 2015 the Legislature should not undo the progress made over the last two years by backsliding toward increased regressivity.
The total revenue of all Minnesota cities declined by 9.2 percent from 2003 to 2012 in real (i.e., inflation-adjusted) dollars, while real city spending fell by 15.7 percent.
The principal fiscal issue confronting the 2014 legislative session will be the disposition of the state budget surplus.
Real per capita state general fund expenditures remain over 10 percent less than they were a decade ago and are shrinking as a share of Minnesota’s total economy.
The new budget agreed to by Gov. Mark Dayton and the Legislature was a balance between reinvestment and reprioritization.
The Senate tax bill extends further down the income ladder than the House’s and governor’s proposals, but stops well short of affecting middle-class families.
The problem is not that multinational corporations are evil, but that state law allows elaborate tax-avoidance schemes to continue.
In Minnesota, low- and middle-income families are paying a much larger percentage of their income in state and local taxes than are the wealthiest households.
Dayton tax plan, though not perfect, represents a major move forward in terms of promoting tax fairness, revenue adequacy, and budget stability.