MN Senate Approves Move To Pay Back Schools

Tuesday, March 27th, 2012 at 6:05 am

The Minnesota Senate has passed a bill to begin repaying the $2.4 billion that the state owes to Minnesota schools. A similar bill has already passed in the House.

The Senate passed the GOP-crafted bill Monday on a vote of 35-29.

The Associated Press reports that the bill would repay about $430 million in aid payments that have been delayed in recent years to help balance the state budget. It taps the state’s newly replenished budget reserves to do so, and Democrats including Gov. Mark Dayton say that’s a bad idea as the state regains its financial footing after several years of chronic budget deficits.

Many now believe the bill is likely to end up in a House-Senate conference committee.

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