AM 1240 WJON » budget forecast

Dayton: Don't Be Surprised If I Try to Tax Wealthy

The Associated Press — Wed, 05 Dec 2012 22:24:34 +0000

Gov. Mark Dayton says it's "very likely" he will push again for higher state income taxes on the state's wealthiest residents next year.

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Economic Forecast Mixed Bag [AUDIO]

Lee Voss — Wed, 05 Dec 2012 17:24:28 +0000

Minnesota is expected to take in $1.3-billion dollars more over the next biennium, but that money will be immediately spent by paying back schools.

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Washington Fight Clouds Minnesota Budget Forecast

The Associated Press — Sun, 02 Dec 2012 19:37:14 +0000

The impasse over the fiscal cliff in Washington is casting enormous uncertainty over the economic forecast in Minnesota. And that will complicate Gov. Mark Dayton's task of assembling a two-year budget proposal.

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MN October Tax Revenues Beat Forecasts

The Associated Press — Sat, 10 Nov 2012 13:44:24 +0000

Minnesota tax revenues beat expectations in October, continuing a trend.

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Next State Budget Forecast Due Out on Wednesday [AUDIO]

Jim Maurice — Fri, 24 Feb 2012 16:32:42 +0000

State Lawmakers are anxiously awaiting the next budget forecast. It's due to be released on Wednesday of next week. State Senator Michelle Fischbach says she has no idea what to expect.

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Good News: Minnesota Expects $876 Million Surplus

The Associated Press — Thu, 01 Dec 2011 16:01:45 +0000

Minnesota is projecting an $876 million surplus for the rest of its two-year budget, easing fears of a bruising new budget fight just months after partisan deadlock over how to resolve a major deficit led to a 20-day state government shutdown.

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State Budget Forecast Trims 1.2 Billion Dollars From Deficit

Abby Faulkner — Mon, 28 Feb 2011 19:22:23 +0000

The assessment by the Minnesota Management and Budget department shows that federal cuts in payroll taxes and a delay in higher capital gains taxes has taken the projected budget deficit from 6.2 billion dollars to 5 billion for the upcoming 2012-2013 fiscal biennium.

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O'Driscoll, Hosch 'Hopeful' New Budget Forecast Will Improve [AUDIO]

Jim Maurice — Fri, 25 Feb 2011 17:46:47 +0000

Monday will be a big day at the State Capitol. The latest budget forecast will be released. The last budget forecast released in November projected a $6.2 billion deficit in the next two-year budget cycle, which starts on July 1st. However, that same forecast had our current budget running at a surplus.

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Minn. Tax Collections Run $28M Ahead For Nov.-Dec.

Lee Voss — Mon, 10 Jan 2011 23:20:26 +0000

First the good news: Minnesota tax collections exceeded expectations by $28 million the last two months. Now the bad: That's a drop in the bucket put against a forecast budget shortfall exceeding $6 billion.

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