March 19, 2017 08:23 PM
Gov. Dayton Releases Revised Budget Proposal
Gov. Mark Dayton released his revised budget proposal Friday to reflect what he wants to do with the state's $1.65 billion surplus. The main highlights of his budget focus on the additional money he wants to put towards pre-K education and how much he wants to leave unspent.
Dayton has proposed putting an additional $100 million towards pre-K education in his new budget plan. His original budget called for $75 million; he now wants $175 million. Additionally, he's calling for $200 million to be left unspent in case of an economic emergency.
Senate Republicans also unveiled their spending and tax plans this week, calling for $900 million in tax relief for Minnesotans. House Republicans will release their plans in the coming weeks.
House, Senate Pass Reinsurance Bills
The House and Senate passed bills this week to launch a reinsurance program in Minnesota. Republicans say it may be the only thing that prevents a total collapse of the insurance market in Minnesota. However, Democrats argue the measure will not do as much to benefit insurance customers as it would insurance companies.
Gov. Dayton sent letters to the CEOs of Minnesota's major health insurance companies this week to address his own concerns about implementing a reinsurance program in Minnesota.
Updated: March 19, 2017 08:23 PM
Created: March 19, 2017 08:57 AM
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