Page 3 of 3 Previous

Continued: Dayton eyes tax cuts with projected $1 billion state surplus

  • Article by: BAIRD HELGESON , Star Tribune
  • Last update: December 6, 2013 - 6:48 AM

“Democrats are doing a victory lap because the state has more money,” said House Minority Leader Kurt Daudt, R-Crown. “We can’t … say the finish line is behind us. I don’t know if we’re even halfway there.”

He and other Republicans said the surplus proves that the DFLers raised too much in taxes.

The money, Hann said, shouldn’t be in government hands, it “should be back in the economy.”

Dayton took direct aim at Republican critics who hammered his tax proposal.

The governor noted that he ran — and won — on a pledge to balance the budget fairly and that his tax proposal had strong public support.

“Critics claimed this balanced fiscal approach would have a chilling effect on Minnesota’s economy,” Dayton said. “Today’s forecast proves those critics wrong.”

 

Staff writers Rachel E. Stassen-Berger and Jennifer Brooks contributed to this report.

Baird Helgeson • 651-925-5044

 

  • related content

  • Video: State budget forecast predicts big surplus

    Thursday December 5, 2013

    Minnesota's rebounding economy has brought the state a $1.08 billion surplus for the remainder of the two year budget...

  • MINNESOTA TOPICS: Mark Dayton

    Find the latest news and information about Mark Dayton.

  • Happy, but cautious: Gov. Mark Dayton said he didn’t “want to fall into that trap of overpromising.”

  • Republican leaders, Senate Minority Leader David Hann of Eden Prairie and House Minority Leader Kurt Daudt of Crown, looked over the budget numbers before their rebuttal presentation. The surplus “should be back in the economy,” Hann said. Daudt and other Republicans said the surplus proves DFLers raised too much in taxes.

  • Margaret Kelly, state budget director, and Jim Schowalter, commissioner of Minnesota Management and Budget, couldn’t help but smile when the new economic forecast was released on Thursday.

  • Minnesota Budget Forecast

    Fiscal year 2014-15

    $1.086 billion surplus

    Revenue up S787 million

    Spending down $247 million

    $246 million will repay K-12 schools

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close