Minnesota State Budget Cuts
DAYTON’S 2012-2013 BUDGET CUTS:$2 biion
$1.2 billion in cuts were made to HHS.
Higher Education was cut by $363.6 million.
LGA cut $203.8 million; County Program Aid cut$72.7 million.
Market Value Homestead Credit programconverted to exclusion, $365 million cut.
$93.7 million cut rom projected spending toState Government and Veterans.
$54.4 million cut to Transportation.
$13.268 million cut rom Judiciary andPublic Saety.
$6.878 million cut to PCA.
$30 million cut to DNR.
$1.4 million cut to Met Council Regional Parks.
$298,000 cut to Conservation Corp.
$2.836 million cut to BWSR.
$1.6 million cut to the Minnesota Zoo.
DAYTON’S 2014-2015 NEW PROPOSEDCUTS: $1.115 biion
$225 million o reductions and reallocations.
$890 million in ination cost absorbed byagencies.
Pawlenty’s last-enactedbudget proposed $2 billion more in spending or 2012-2013 than what Gov. Dayton actually enacted.
Even with the new investments Gov. Dayton is proposing or 2014-2015,
MINNESOTA STATE BUDGET SHRINKS
· The February budget orecast shows a projecteddecit o $627 million ($463 million improvementrom November) or FY 2014-2015· A $290 million positive balance rom 2012-2013 willbe used to buy back the k-12 shit· The budget reserve improves to $649 million
This is good news, but we can do better. By makingsmart reorms to our tax system and investing inour shared priorities, we have an opportunity toput Minnesota on the path to long-term economicgrowth and prosperity.Dicult decisions remain, but with our projecteddecit cut almost in hal, targeted investments inschools, colleges and universities, nursing homes,the transportation inrastructure, and property taxrelie are now more possible to deliver, providedthat we pass new revenue to pay or them. Though the February orecast shows positive signsor our economy, we are still digging out romprevious budgets balanced with one-time moneyand accounting games and we still owe our schoolsan additional $800 million.
MINNESOTA STATE SENATE
2013 BUDGET UPDATE