May 06, 2018 06:39 PM
House GOP Introduces Bonding Bill; Tax Bills Head to Conference Committee
House Republicans introduced their 2018 bonding bill at the State Capitol this week. They're proposing to spend $825 million on a variety of public works projects. It's roughly half as much as the $1.5 billion Governor Dayton has proposed for a bonding bill in 2018.
Aside from the overall cost, there are some big differences between the House GOP plan and Governor Dayton's plan. One big difference is for projects at the University of Minnesota and the Minnesota State Colleges and Universities system. Dayton is proposing $542 million while the House plan sets aside $300 million. There's also a big difference in funding for roads and bridges - the House proposes $120 million while Dayton's plan is just $5 million.
The Senate GOP has yet to introduce its bonding bill. There are just two weeks left in the legislative session to get a compromise bill passed and sent to Governor Dayton.
Meanwhile, the House and Senate are headed to a conference committee to come up with a unified tax conformity bill. Both chambers passed their versions this week. The goal is to bring Minnesota tax laws in line with the new federal tax laws.
The Senate's version cuts the lowest tax tier, preserves personal and dependent exemptions and keeps a variety of deductions. The House version cuts teh middle tax tier and increases the state's standard deduction. The Governor's plan relies on tax credits for low and middle-income earners and also preserves several deductions.
Tim Walz, DFL Candidate for Governor, Joins Tom Hauser in Studio
Our conversations with candidates for governor of Minnesota continues this week with Tim Walz. The Democratic congressman is giving up his seat in Minnesota's 1st Congressional District to run for governor. Walz has represented the 1st District, covering much of southern Minnesota, since 2007. Walz spent 24 years in the National Guard, and is also a former high school teacher and football coach.
Updated: May 06, 2018 06:39 PM
Created: May 04, 2018 01:59 PM
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