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May 20 • 4 tweets • 1 min read
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
Even on the last weekend of session, “bipartisanly” is not a word.

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More from @Stowydad

Brian Bakst Profile picture
May 20
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.
Read 5 tweets
Brian Bakst Profile picture
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
Brian Bakst Profile picture
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
Brian Bakst Profile picture
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
Brian Bakst Profile picture
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
Brian Bakst Profile picture
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

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