Dayton Releases Budget Proposal
In Minnesota state news, Gov. Mak Dayton released his budged proposal today; some people are calling it a tax plan. Dayton hopes to raise $2.1 billion more in state taxes.
The Democrat’s proposal would hike the amount owed on income above $150,000 for single filers, subject high-end clothing to the sales tax and raise cigarette taxes by 94 cents per pack. But Dayton does want to cut the corporate tax and provide property tax rebates of up to $500.
According to the Associated Press, it’s all contained in a two-year plan that would fuel about $38 billion in state spending. It includes a promise to schools to add $52 more in aid per student.
Dayton’s plan is the starting point in a debate likely to reach into May