ST. PAUL, MN – After a decade of deficits, state leaders are now facing a $1 billion budget surplus created by Minnesota’s strong and growing economy. As Minnesota begins the discussion about where to invest the state’s budget surplus, Governor Mark Dayton today proposed a two-year budget that would make bold new investments in education, put more money in the pockets of working families, and make long-overdue investments in the state’s aging and underfunded transportation system.
For years, state leaders have failed to adequately fund Minnesota’s highways, roads, bridges, and public transit systems. Insufficient funding has left them inadequate, congested, and needing repairs. Today, Governor Mark Dayton proposed a straightforward, honest solution to fix Minnesota’s aging transportation systems.
Governor Mark Dayton today released details of his proposal to expand the Child and Dependent Care Credit in Minnesota, providing $99.9 million in direct tax relief to 130,000 Minnesota families. The Governor’s proposal would expand eligibility for the tax credit, allowing more middle-income families to claim a refundable tax credit for costs associated with child care, and dependent care for family members who are aging, or have a disability.