Senate Democrats Stress Education, Reserves in MN Budget Plan
MN Senate Democrats Release Budget Plan
Minnesota Senate Democrats have produced a two-year budget outline that would commit $550 million more for education programs and socks $250 million extra into state reserves.
The $42.7 billion, two-year plan the majority party released Friday contains far less in tax relief than House Republicans have proposed and less in spending than Democratic Gov. Mark Dayton suggested.
Senate Majority Leader Tom Bakk says it shows restraint with the state’s $1.87 billion projected surplus in case the economy deteriorates.
The framework gives only a broad picture of where the Senate is headed with granular details coming later.
Bakk says he hopes to finish votes on a full budget by May 1 to set up final negotiations with the House and governor ahead of the mandatory adjournment three weeks later.