Earlier than any session in recent memory, Senate Republicans have passed an entire state budget, highlighting their Advancing Minnesota commitment. Here’s what you need to know:
The $900 million pro-growth tax plan brings permanent relief to 81% of Minnesota taxpayers. The package includes the first income tax cut in nearly two decades, phases out the tax on Social Security income, and provides a tax credit for student loan debt. It also brings tax relief to small businesses — boosting the economies of Minnesota’s regional centers and small towns. Altogether, 2.3 million households and 350,000 seniors will see relief.
Roads and bridges
The Senate Republican transportation budget invests $1.3 billion over the next two years, and $3.6 billion over a ten-year period, prioritizing the safety and reliability of roads and bridges across Minnesota. More than 8,800 lane miles and 200 bridges will be repaired or replaced under this plan — without raising taxes.
Over the next two years, an investment of $18.5 billion in K-12 students, teachers, and schools ensures all Minnesota students have the opportunity to receive an education that prepares them for the jobs of tomorrow. In addition, Senate Republicans spend $3.17 billion on higher education, including an increased funding for the University of Minnesota, Minnesota State campuses, and community colleges across Greater Minnesota.
The $208 million jobs bill boosts funding for rural broadband access, the Minnesota Investment Fund, and the Job Creation Fund, and places an emphasis on public-private partnerships that are proven job creators.
This is a bipartisan effort to help Minnesota businesses grow and communities prosper through job growth, economic opportunity, and workforce development.
Minnesota’s natural resources are unparalleled. Through eliminating wasteful spending and consolidating funding streams, the Senate Republican budget streamlines environmental regulations while preserving programs that safeguard our state’s nature and wildlife. The $274.1 million budget will advance our economy while keeping our natural resources safe and clean.
Health and human services
Senate Republicans are prioritizing funding for programs aimed at helping Minnesotans with disabilities, the elderly, and at-risk youth living in poverty, with a $14 billion health and human services budget — an increase of $2.2 billion. The bill takes steps toward addressing serious issues facing our state, such as opioid addiction and sex trafficking.
Caring for seniors should be a priority, not an afterthought. This budget will target funding to improve the quality of care for our seniors.
So, what’s next?
In the coming weeks, members of the Senate and the House will work with the governor to arrive at a budget agreement before the constitutionally-required adjournment date of May 22.
For more detailed information on the Senate Republican Advancing Minnesota budgets, click here.