Minnesota gets $145M extra in tax revenue

  • Article by: BAIRD HELGESON , Star Tribune
  • Updated: October 10, 2012 - 9:05 PM
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  • Comments

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  • 1 - 10 of 10
furguson11Oct. 10, 1210:10 PM

Nice, but even an extra $50 million a month will not keep us even to the boards in the next biennium when we had to borrow $1.4 from schools and the tobacco settlement to make this biennial budget. And we haven't even factored in inflation.. Even though I think the legislature under Tim Pawlenty outlawed inflation on the spending side while counting it on the revenue side.

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jpcooperOct. 10, 1210:33 PM

Quick return it to the taxpayers before Dayton gives it away to another entitlement program

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twinsvikesjrOct. 11, 12 7:16 AM

furguson - your right in part but your logic failed to account for a decrease in state paid aid if the economy is recovering such as assistance for day care, unemployment, health care, etc so (fingers crossed) hopefully the state won't be spending as much as projected either.

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stockminderOct. 11, 12 7:31 AM

Looks like Tim Pawlenty was right. Now that thinks are slightly better, we can repay what was borrowed from the schools. Just think how much can be repaid if the economy markedly improves.

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rickbmnOct. 11, 12 8:09 AM

Maybe they will use this money to pay off some debt instead of finding ways to spend it. But I won;t hold my breath. It's probably already gone or targeted.

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dvsdan123Oct. 11, 12 8:11 AM

Quick, lets put a roof on the new Vikings stadium before someone spends this money foolishly paying back the schools.

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holstjOct. 11, 12 8:38 AM

$145M here and another $145M there and pretty soon you're talking real money. I can "somewhat" understand not being able to forecast revenues but how can they not know what has been spent or is scheduled to be spent?

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privateeyeOct. 11, 12 9:15 AM

Nice job Mark. Nice having a guy in charge who will manage the states finances and put them on firm ground and not rely on one time gimmicks in an effort to balance the books.

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rickbmnOct. 11, 12 9:26 AM

privateeye: You are kidding, right? Overtaxing citizens is placing the state's finances on firm ground? You realize that this "surplus" means that people were OVER TAXED, don't you? How about creating a "surplus" by CUTTING spending instead. Look at the list where taxes come from... good grief. We are taxed on everything we do. Time to stop government spending and let us spend our own money.

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anderson245Oct. 11, 12 1:14 PM

We don't have a "surplus" unless you believe the GOP lies and/or haven't been paying attention. We still have to pay back $2.4 BILLION to schools and more to the budget reserve which Pawlenty and the Republicans took to balance the budget. That $145 million is like having $1 to pay back $35000 in debt. A start but not much of one.

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