Brian Bakst Profile picture
May 20 5 tweets 2 min read
What is this 2006? House Speaker @melissahortman going on @wccoradio to talk end of session with ex-Gov @TimPawlenty (who is guest hosting the time slot opened by @CoryHepola run for #mngov).

Hortman has had a low profile in the last week after contracting COVID19.
Hortman: "We've got some stubborn people who all think they should get 75% decision making in any deal that gets made. They need to get realistic."
"I know they've made fantastic progress on the tax bill. I can't tell you what's in it because I don't know."

They're having a "stickier" time with the spending bills," Hortman tells Pawlenty.
Hortman on education: hoping for money for mental health challenges. Indicates there will be money for special ed and some general dollars for districts.

Senate has said a deal must include money for literacy programs.
"When you look at dividing up money, there's a lot of numbers between zero and 100," @melissahortman says, suggesting money issues are easier to solve than some of the policy standoffs.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Brian Bakst

Brian Bakst Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Stowydad

May 20
State employee contracts bill ratified by Senate, which appears to be identical to a bill approved by the House in March. #mnleg
There might need to be one more House vote. But it'll sail there.
House passes the state employee contracts bill again. On to governor. #mnleg
Read 4 tweets
Apr 26
Minnesota House is moving to take up an unemployment replenishment bill (the Senate version) under a rules suspension. #mnleg
Bill would put $2.7B toward a fix -- part to pay off a federal loan and part to add a cushion to avoid any additional business assessments.

But there is an amendment to alter where the money comes from and to credit employers that have already paid at a higher rate.
Now the House is moving to add the previously approved $1B pandemic worker pay bill (up to $1,500 per check) to the bill.

All of it means that both will wind up in a conference committee, unless the Senate accepts the amended bill. #mnleg
Read 7 tweets
Apr 4
Here is the House DFL tax bill #mnleg house.leg.state.mn.us/comm/docs/-Aii…
And the House research fiscal analysis house.leg.state.mn.us/comm/docs/6Yy8…

Bill summary house.leg.state.mn.us/comm/docs/7eNA…
I don't see that @GovTimWalz's rebate/direct check proposal made it into the bill (point it out if I missed it), but there is a rebate-style giveback with a far lower eligibility cap than Walz recommended and an adjusted dependent care credit among the income tax items.
Read 5 tweets
Apr 4
The Senate GOP tax bill has been posted #mnleg senate.mn/committees/202…
The bill would cut taxes by $3.38B in this budget and $5B in the next two-year budget. #mnleg senate.mn/committees/202…
A distributional analysis over who would see what reductions under the Senate tax bill.

Two main provisions are:
-A lowering of the bottom rate 5.35% to 2.8% (all taxpayers pay that on first segment of income)
-100% exemption of Social Security income.
senate.mn/committees/202…
Read 5 tweets
Feb 28
FORECAST thread here:

The state's three major tax categories are all up over the prior forecast

Income (people making more)
Sales (people spending more/items cost more)
Corporate (businesses doing well) Image
Spending is down.

Education (fewer students enrolled in public schools than expected)
Health care (fewer in subsidized programs/more costs shifted to other types of accounts) Image
Risks linger

Inflation
War
Interest rates ImageImage
Read 6 tweets
Dec 6, 2021
A new budget forecast is out Tuesday from @MMBCommunicates with a broad expectation it will show a healthy surplus, or projected positive balance in MMB-speak.

But there are some considerable caveats with this report ... 1/7
The November forecast (almost always published in December) has some automatic carveouts that, by law, will take money off the table before #mnleg even has a chance to weigh in. 2/7
Not even halfway into the fiscal year and a two-year budget that stretches into mid-2023, revenue was already almost $750 million ahead of projections. We know less about the spending pressures over those months but will know more after Tuesday. 3/7
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(