House and Senate Approve Bills to Balance Budget
The Minnesota House and Senate approved bills Monday to balance the state budget. The plans are a combination of delayed payments and cuts. The bills also raised the state income tax on married couples making more than $200,000 and single residents making over $113,000.
State Representative Tim Faust (DFL-Hinckley).
No republicans supported the bill in either the House of Senate. House Minority Leader, Republican Kurt Zellers.
The final vote in the Senate was 34-33. In the House, the margin was 71-63.
Lawmakers must balance the budget by the end of session, Monday, May 17th. The current budget shortfall stands at about 450 million dollars. For the upcoming biennium, the projected deficit soars to 5.4 billion dollars.