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Governor Dayton signs $508 million in tax cuts for middle class and businesses into law

Posted on March 21, 2014 at 6:23 PM
Categories: Budget

Passed: Middle Class Tax Cuts

Governor Mark Dayton today signed legislation (HF1777) cutting taxes for middle class Minnesotans and businesses. The $508 million tax cut signed into law today will put more money in the pockets of middle class families, individuals, and thousands of businesses across Minnesota. Because the Legislature acted quickly to pass the bill, many Minnesotans will see immediate tax savings during the current tax filing season.

“These tax cuts will put more money in the pockets of Minnesota families and businesses, and in the spirit of the Unsession, make taxes simpler for Minnesotans,” said Governor Dayton.  “I thank Senate Majority Leader Tom Bakk, House Speaker Paul Thissen, House Majority Leader Erin Murphy, Tax Chairs Rod Skoe, Ann Lenczewski and Ann Rest, and the other legislators, who spearheaded these tax cuts to passage.”

Since some of these tax cuts will be available immediately during this filing season, the Minnesota Department of Revenue is working with tax preparers and online tax preparation services to update tax filing software for the estimated 1.4 million Minnesotans who have not yet filed their taxes.

For those Minnesotans who have already filed their taxes, the Minnesota Department of Revenue will review each tax return and determine whether adjustments and refunds can be made automatically. The Department will contact any taxpayer who will need to file an amended return to receive these new tax benefits.

Reducing Taxes for Middle Class Minnesotans ($230M)
By conforming Minnesota’s tax code to the federal government’s, the bill signed today by Governor Dayton will simplify taxes and provide tax cuts for middle class Minnesotans.

  • Tax Cuts for Married Couples. More than 650,000 married couples will save an average $115 per year through the elimination of the “marriage penalty.” This tax cut begins next year, for the 2014 income tax filing season.
  • Tax Cuts for Working Families. Over 16,000 more middle class families will qualify for the Working Family Tax Credit, and everyone who qualifies for the credit will receive an increase.
  • Tax Cuts for Parents. More than 25,000 families who qualify for child care tax credits will see an average increase in their tax credit of $74 per year.
  • Tax Cuts for Students. More than 285,000 recent college graduates could save up to $190 per year by deducting their student loan interest. Another 40,000 current college students and parents will receive a tuition deduction of $140 per year, on average.
  • Tax Cuts for Small Employers. Small businesses will be able to offer their employees tax-free tuition and adoption assistance. The tax bill signed by Governor Dayton today also simplifies small business taxes by eliminating requirements to maintain separate records for federal taxes.
  • Additional Tax Cuts. These middle class tax cuts will also help seniors, teachers, and homeowners. More information about these tax cuts is available on the Governor’s website.

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Delivering Results for Minnesota Students

Posted on January 08, 2014 at 10:39 AM
Categories: Education, Budget

Dayton meets with students at Winona State University
Governor Dayton meets with students at Winona State University to discuss Minnesota's future.

Education

In 2013, Governor Dayton and the Minnesota Legislature made a major investment in education, from pre-school to college, and ensured that every dollar previously borrowed from our schools has been paid back in full. The Governor made historic investments in early learning, all-day Kindergarten, financial assistance for college students, and tuition freezes at state colleges and universities that will help make higher education more affordable. Ultimately, these key investments – and historic gains in academic achievement made this year by students and teachers – made 2013 a landmark year for education in Minnesota.

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Highway Construction Projects Receive $300 Million from State

Posted on January 06, 2014 at 1:36 PM
Categories: Budget, Transportation, Commerce

Photo content: Flickr User Doug Kerr; US Highway 10 – Minnesota

Photo content: Flickr User Doug Kerr; US Highway 10 – Minnesota

Minnesotans depend on their roads, bridges, and highways every day. Minnesota businesses also require access to good roads as they move goods and services to market.  Recently, Governor Dayton and the Minnesota Department of Transportation announced that ten highway construction projects will receive funding through the state’s new $300 million Corridors of Commerce program. These new projects will reduce travel times and improve safety for Minnesota citizens and help businesses transport their products more efficiently.


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Governor Dayton Visits Minneapolis Community and Technical College’s Remodeled Healthcare Facilities

Posted on October 04, 2013 at 11:35 AM
Categories: Education, Budget, Technology, Jobs

 Governor Dayton talks with MCTC students

Governor Dayton talks to MCTC students abour their new state-of-the-art training facility.

 

Yesterday, Governor Mark Dayton visited Minneapolis Community and Technical College’s (MCTC) brand new nursing and allied health care facilities. The Governor’s 2012 bonding bill provided $13.4 million for the renovation efforts – allowing the school to consolidate and modernize lab space for its nursing, phlebotomy and electroneurodiagnostic technology programs. The new space also emulates a hospital setting to better prepare students for future employment.

When Minnesota invests in infrastructure projects like this one, we also are making critical investments in people. These newly upgraded facilities will provide future nurses and other health care professionals access to state-of-the-art training that will prepare them for success in their careers.


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Budget for a Better Minnesota: What's In It For Children

Posted on July 18, 2013 at 8:00 AM
Categories: Education, Budget

During the 2013 legislative session, Governor Mark Dayton worked with legislators to create a better Minnesota for children and their families.
A student sits with a thank-you note for Governor Mark Dayton. Gov. Dayton worked with legislators during the 2013 legislative session to create a better Minnesota for children and their families.


During the 2013 legislative session, Governor Mark Dayton worked with legislators to create a better Minnesota for children and their families. 

In a recent Waseca County News editorial, the commissioners for Education, Health, and Human Services: Brenda Cassellius, Ed Ehlinger, and Lucinda Jesson, respectively, explained all the ways the budget will enhance and improve the lives of thousands of Minnesota children. Here are some of the highlights:

  • Improving Minnesota Schools 
  • Addressing Child Homelessness
  • Keeping Kids Safe


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Investing in Minnesota's Middle Class: Education, Jobs, and Tax Relief

Posted on June 24, 2013 at 1:02 PM
Categories: Jobs, Greater Minnesota, Budget


Governor Dayton Greets Constituent
Governor Dayton Greets Constituent  

Growing the middle class is essential to Minnesota’s economy. This past legislative session, Gov. Mark Dayton delivered on his promise to create a Better Minnesota for the middle class. Working with the DFL legislature, the governor made new high-impact investments in the following areas:
  • Education
  • Jobs and the economy
  • Property tax relief
These investments help Minnesota families with the basic by helping their kids get a world-class education, helping parents find good paying jobs and by providing needed property tax reductions.

Education
Every child deserves top quality education that’s why, from early childhood programs to high schools, Minnesota schools will receive a $485 million funding increase during the next two years. This means more funding for every learner in every school – including $134 million to ensure that all Minnesota children have access free all-day kindergarten. It also includes $40 million in scholarships to help 8,000 more children attend high quality childcare and preschool, ensuring they are prepared for kindergarten and beyond!

Higher Education
More and more jobs require education beyond high school. During the next two years, Minnesotans will reap the benefits of a $250 million investment in higher education. This includes $46 million in financial aid for students and a tuition freeze to curb costs at all public colleges and universities in Minnesota. 

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A Fair Tax System for Minnesota’s Middle Class

Posted on June 20, 2013 at 8:00 AM
Categories: Reform, Economy, Budget


Gov. Dayton and the DFL legislature invested $400 million in middle class property tax relief in the recently passed budget to help Minnesotans and restore tax fairness.
Governor Dayton and the DFL legislature invested $400 million in middle class property tax relief in the recently passed budget to help Minnesotans and restore tax fairness.

Middle class Minnesotans have endured a decade of property tax increases. Governor Dayton and the DFL legislature invested $400 million in middle class property tax relief in the recently passed budget to help Minnesotans and restore tax fairness. The investment provides new resources for the following:

  • Homestead Credit Refund
  • Renter’s Property Tax Refund Credit
  • Local Government Aid
  • City and County Sales Tax Exemption

Homestead Credit Refund

A new $120 million investment in the Homestead Credit Refund will provide significant direct property tax relief to middle-class homeowners. Under the new budget, more than 150,000 additional homeowners will be eligible for the refund. Current refund recipients will benefit as well, the new law is expected to increase the refund for 300,000 homeowners who already receive it. 

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Destination Medical Center Will Create Tens of Thousands of New Jobs

Posted on May 23, 2013 at 3:17 PM
Categories: Health, Budget, Jobs


In Rochester earlier this week, Governor Mark Dayton was joined by Speaker Paul Thissen, Majority Leader Tom Bakk, House Majority Leader Erin Murphy, Mayor Ardell Brede, local legislators, and other community leaders in announcing a historic Destination Medical Center (DMC) initiative. This 20-year public-private partnership is aimed at securing Minnesota’s competitive position as an international hub for health care and medical advancement, and making the Rochester region an economic center for job growth and business development. The state’s $455 million investment in the project over the next two decades will leverage an estimated $5.6 billion in local and private investment, and create tens of thousands of new jobs in Minnesota.

“This initiative will secure Minnesota’s position as one of the world’s premiere destinations to receive medical treatment; it will create tens of thousands of good-paying jobs for Minnesotans and make Rochester an even better place to live, work, and raise a family,” said Governor Dayton. “Those who said that state government should play no role in a project like this are just flat out wrong. This project demonstrates the value state government can bring to the table. By partnering with the private sector, we can accomplish great things together for the people of Minnesota.”

Over the last 150 years, Mayo Clinic has earned an international reputation for excellence in health care and medical advancement, treating more than half a million patients in its Rochester facilities every year. Today, Mayo Clinic is Minnesota’s largest employer, providing good-paying jobs for more than 40,600 Minnesotans, including over 33,000 in Rochester, and generating a $9.6 billion annual economic impact to the State of Minnesota – roughly 4 percent of the state’s total GDP. And each year, Mayo Clinic contributes approximately $1.5 billion in tax revenue to the State of Minnesota and local governments.


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Governor Dayton signs Historic Education Funding Bill into Law

Posted on May 22, 2013 at 12:12 PM
Categories: Budget, Education

E12_Bill_Signing.jpgGovernor Mark Dayton signed the K-12 Omnibus budget bill as Representative Erin Murphy, Speaker Paul Thissen, Representative Kathy Brynaert, and Representative Paul Marquart watched.

Today, Governor Mark Dayton was joined by legislative leaders as he signed the K-12 Omnibus budget bill – the capstone of a historic session for education in Minnesota. 

“This year, the DFL legislature has made the investments necessary to give our kids the quality education they deserve—and the quality education our future depends on.  All-day Kindergarten should have happened years ago; we’re catching up and we’re moving ahead.  This is money well spent, and I think Minnesotans will know that and believe it,” said Governor Dayton. 

This legislative session was highlighted by once in a generation investments in our schools, including our state’s first commitment to all-day kindergarten for every child.  Minnesota schools will see over $240 million in new funding thanks to the budget agreed to by the Governor and DFL leaders, including millions for early learning, testing reform and special education.  


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Budget for a Better Minnesota: Investing in the Middle Class

Posted on May 21, 2013 at 11:59 AM
Categories: Budget, Health, Jobs, Education

Governor Dayton and DFL legislative leaders at a post-session press conference

On Tuesday, Governor Dayton and DFL legislative leaders held a press conference to talk about middle class investments made in the Minnesota state budget

The budget passed by Governor Dayton and the DFL legislature puts fairness back in the system.  It strengthens Minnesota’s middle class and our economy by lowering property taxes and making investments in education and job creation to move Minnesota forward.

The budget closes the deficit for the long term and makes spending cuts and reforms.  It pays for new investments in education and job creation by asking the richest 2% of Minnesotans to pay their fair share and closing corporate tax loopholes. 

  • A Historic Investment in Education:  For the first time in its history, Minnesota will offer All-Day Kindergarten to every child in Minnesota.  We are giving thousands of children access to high-quality preschool and child care.  And we are freezing tuition for the next two years at the University of Minnesota and all MnSCU campuses and increasing student financial aid to make higher education more affordable for middle class families. With nearly a billion dollars in new money for education, this budget invests in every learner in Minnesota – from early education through higher education.  This new funding will help give our kids access to a world-class education and train the best-educated workforce in the world. This budget will also eliminate the school shift by the end of the next biennium. [ Read more ]
  • A Growing Economy that Creates Middle Class Jobs – Minnesotans need a strong economy for good jobs, living wages, and a strong middle class. That is why the Governor and the DFL legislature took bold action this session to create jobs, strengthen our infrastructure, and make our state a more competitive place to do business. The budget enacted this session invests in job creation efforts that will leverage billions of dollars in private sector investment in Minnesota’s economy, make our state a more competitive place to do business, and get tens of thousands of Minnesotans back to work.  [ Read more ]
  • Property Tax Relief for Minnesotans – Property taxes have increased by 86% statewide over the past decade, with increases falling hardest on the middle class, seniors, and small businesses. This session, we invested over $441 million in property tax relief for Minnesotans by restoring the state’s commitment to cities, counties, and school districts, and providing direct relief to homeowners and renters. [ Read more ]
  • A Fair Tax System – According to the Minnesota Department of Revenue, low-and middle-income Minnesotans pay 20% more of their income in state and local taxes than the wealthiest Minnesotans. In order to honestly resolve our state’s budget deficit, make new investments to strengthen the middle class, and invest over $441 million in property tax relief for Minnesotans, the budget enacted this session asks the wealthiest 2% of Minnesotans to pay 2% more in income taxes. With an average income of over $617,000, the richest 2% are the only Minnesotans who are asked to pay more in income taxes. [ Read more ]
  • A Fair and Balanced Budget – A decade of deep cuts, games and gimmicks have caused Minnesota to lurch from one budget crisis to the next; limiting our ability to fund education and job creation. This session, the Governor and DFL legislature put an end to roller-coaster deficits with a fair and balanced budget that puts Minnesota on sound fiscal footing and delivers investments to strengthen the middle class. [ Read more ]

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