Dayton Eyes Tax Relief Plans With $1 Billion Surplus
Gov. Mark Dayton says Minnesota’s newly announced $1 billion budget surplus should be used to repeal three controversial planned sales tax increases and for middle class tax relief.
Dayton spoke Thursday at a Capitol news conference and said that $231 million of the surplus should be used to repeal sales tax hikes on farm equipment repairs, telecommunications supplies and commercial warehousing services that are scheduled to take effect next April 1. He says another $205 million should go to middle class tax cuts.
Dayton says he won’t propose any new spending at least until after an updated budget forecast in February.