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      Budget for a Better Minnesota: Investing in the Middle Class

      Posted on May 21, 2013 at 11:59 AM

      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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