Skip to main content

House DFLers propose surcharge on the wealthy to repay schools

  • Author:
  • Updated:
    Original:

An income tax hike for the highest-earning Minnesotans has been part of the budget conversation at the Capitol for months. Now House DFLers have added another layer -- proposing a temporary income tax surcharge on the state's wealthiest one percent to pay back money the state borrowed from its school districts.

Minnesota still owes more than $800 million to the schools after borrowing money to cover past budget deficits.

The Star Tribune reports the proposed surcharge would affect those earning more than $500,000 a year and would last for two years.

MPR's report quotes House Minority leader Kurt Daudt saying Democrats want Minnesota to be number one in higher taxes. DFLers in the Senate will release their budget outline Wednesday. Majority Leader Tom Bakk tells MPR he's not sure he wants to put Minnesota among the top five states in any tax category.

Gov. Dayton's budget proposal does call for paying off the school debt this year. He's said he wants to boost state education funding, but is content to let the IOU wait until next year.

Next Up

Screen Shot 2023-01-27 at 7.45.44 PM

Protest for Tyre Nichols to be held outside MN Governor’s Mansion

Activists groups say they’ll call on Gov. Tim Walz and the Legislature to implement police reforms.

Pool

Minnesota pool contractor banned from industry, must pay $2 million-plus

Minnesota Attorney General Keith Ellison filed suit against Charles Workman and his company, MN Crete Pools, LLC, in August.

Minneapolis police

St. Paul man identified as victim of north Minneapolis homicide

The shooting occurred on the 2200 block of Emerson Avenue North on Wednesday.

ambulance

Two youths seriously injured after being struck by driver in Bloomington

Police say the boy is in a critical condition, while the girl has severe injuries.

Rosedale Center

Two men sentenced for carjacking in Rosedale Center parking lot

Leon Kismit Bell, 49, and Jack Mitchell Piche, 23, were sentenced in U.S. District Court on Jan. 20.

Screen Shot 2023-01-27 at 3.59.30 PM

Police identify White Bear Lake officer shot while serving warrant

The officer is a six-year veteran of the department.

abortion, planned parenthood

Minnesota Senate passes bill codifying abortion into state law

Having already passed in the House, it will now be sent to Gov. Tim Walz for signing into law.

Screen Shot 2023-01-27 at 7.45.44 PM

Tyre Nichols: Initial police version of events bear similarities to George Floyd killing

Memphis PD said Nichols complained of 'shortness of breath' following 'confrontations' with police, who in reality violently beat him.

George Floyd, protest

Twin Cities authorities preparing for community reaction to Tyre Nichols video

The ATF division in St. Paul sent out an alert out of "an abundance of caution."

Related