Minnesota Management and Budget (MMB) announced today that general fund revenue collections for October were $4 million above what was predicted. October receipts from the individual income tax and sales tax exceeded...more
The Minnesota Legislature convened at noon on Tuesday, February 25. It hit the ground running with a minimum wage increase and tax cuts at the forefront. It has already passed a $20 million heating assistance bill. The House...more
According to Governor Mark Dayton’s Sales Tax Reform Plan, all existing and newly taxed items will be subject to a 20% sales tax rate reduction to 5.5%. Here is a list, released by the Minnesota Department of Revenue, of all...more
Governor Mark Dayton released his FY 2014-2015 Budget proposal this morning. The Governor’s Budget reflects the starting point for the five month legislative process in which the House and Senate will assemble Minnesota’s...more