Senate Republicans announce budget targets
Minnesota Senate Republicans released their budget targets for the 2017 session on Friday making healthcare, transportation and tax relief their top priorities. Senate leaders committed $900 million for the tax bill to deliver a permanent tax cut for all Minnesota income taxpayers and several initiatives to hold down property taxes and spur economic growth in Greater Minnesota. They also plan to boost transportation funding with $570 million in new permanent spending per biennium. Senate Republicans also increased the Health and Human Services budget by $2.223 billion. Higher education received an increase of $100 million. The budget target spreadsheet can be found HERE.
“The budget we bring forward reflects the values and priorities of our Advancing Minnesota agenda – tax relief, transportation and healthcare,” said Senate Majority Leader Paul Gazelka. “This budget proposal combined with a new positive tone at the Capitol should give everyone optimism about finally making progress on the issues that matter to all Minnesotans.”
Now that targets have been set, Senate finance committees will begin the work of putting together their individual budget bills. The deadline for bills to be out of finance committees is March 31, 2017.
House budget targets have not yet been released.