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2013 Budget Update

2013 Budget Update

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Published by SenateDFL
MINNESOTA STATE SENATE
2013 BUDGET UPDATE
MINNESOTA STATE SENATE
2013 BUDGET UPDATE

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Published by: SenateDFL on Mar 15, 2013
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07/16/2013

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Minnesota State Budget Cuts
DAYTON’S 2012-2013 BUDGET CUTS:$2 biion
$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 Saety.
$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 biion
$225 million o reductions and reallocations.
$890 million in ination cost absorbed byagencies.
•G.Dytprped2014-2015budgeti$37.892bii.
 
G.Dyt’budgetiti
$1 biion
less
thfrmerG.TimPwety’2010-2011frect.
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,
Dyttipedbut$1biietteprgrmthPwetyppreddurighityerice.
MINNESOTA STATE BUDGET SHRINKS
Miet’Februry2013EcmicFrect
· The February budget orecast shows a projecteddecit o $627 million ($463 million improvementrom November) or FY 2014-2015· A $290 million positive balance rom 2012-2013 willbe used to buy back the k-12 shit· The budget reserve improves to $649 million
 This is good news, but we can do better. By makingsmart reorms to our tax system and investing inour shared priorities, we have an opportunity toput Minnesota on the path to long-term economicgrowth and prosperity.Dicult decisions remain, but with our projecteddecit cut almost in hal, targeted investments inschools, colleges and universities, nursing homes,the transportation inrastructure, and property taxrelie are now more possible to deliver, providedthat we pass new revenue to pay or them. Though the February orecast shows positive signsor 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

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