Joint House/Senate budget targets announced
Today, the leaders of the House and Senate Republican caucuses unveiled their joint budget targets for FY 2018-2019. These numbers will be the framework for the House-Senate conference committees as they work to craft identical budget bills to send the governor.
Most of the numbers represent a middle ground between the House and Senate targets proposed earlier in session. The higher education target is $125 million which is the midpoint between the original Senate target of $100 million and the House target of $150 million.
The conference committees have been given a deadline of Monday to complete their bills with the new targets. Legislative leaders have called on Governor Dayton to release his new targets by Thursday of next week to begin the process of negotiating with the conference committees. Additionally, next week the House will release their bonding proposal, according to House Speaker Kurt Daudt (R-Crown).
With the 2017 Legislative Session scheduled to conclude on Monday, May 22, legislative leaders and the governor have less than a month to agree upon a state budget for the next biennium. The next state budget will take effect on July 1 of this year.