After two and a half hours of debate Friday, Republican Senators agreed to reduce and eventually eliminate the state’s property tax on businesses and give married couples an income tax break. The $100 million dollars in tax revenue would be covered with the state’s budget reserves. The House has passed companion legislation, but there are several differences. Gov. Mark Dayton does not support the proposal.
Bed, Bath & Beyond closing 86 more stores, including in Bloomington
The struggling chain closed a store in St. Cloud last year.
Tributes to KARE 11 sports producer who has died at age 35
KARE says Andrew Trowbridge died following a 'brief illness.'
Man pleads guilty to murder of Inver Grove Heights father
Michael Chang-Beom Lee, 43, was killed during a burglary at his home.
Price comparison: How much do eggs cost at Twin Cities grocery stores?
Prices have been spiking, so where can you find the cheapest eggs?
Police: Boy run over by school bus recovering from 'severe internal injuries'
The incident remains under investigation.
FOX 9 promotes Hannah Flood to anchor, adds new reporter
Hannah Flood will co-anchor mornings while Se Kwon joins the team.
Watch: Suspects drive wrong-way on I-35E, before carjacking separate vehicles
The Ramsey County Sheriff's Office said the suspects are still at large.
MPCA: Minnesota's emissions fell by 23% between 2005 and 2020
Clean energy investments have driven the decline.
Community steps up for dog found shot in Douglas County
The dog faces a long road to recovery.
Former U.S. Senator for Minnesota Dave Durenberger dies at 88
Durenberger served two terms before his disgraceful exit in the mid-1990s.
Senate GOP leaders release plan to phase out business property taxes
Republican leaders say the change would save Minnesota businesses $50 million the first year. That amount may well be added to the state budget deficit. The Senate GOP says the job creation would be worth it. DFL critics say there's no assurance that companies would used the money they save to create jobs.
North Minneapolis homeowners still waiting on tax relief after tornado
Homeowners' latest tax statements don't reflect the reduced home values that city assessors promised, but officials say not to worry: They have to wait until the state of Minnesota declares north Minneapolis a disaster area. The real bill should show the reduced property values -- and lighter taxes.
Drop in tax collections not as bad in Minnesota as elsewhere
The sour economy dented Minnesota's tax receipts in 2009. But we still moved up in the state rankings of per capita tax revenue.
Minnesota tax collections below January forecast
Minnesota Management and Budget reports general fund revenues were $107 million less than projected last month. Gov. Mark Dayton and legislators will get an update on the state's budget forecast February 29. The forecast in December showed Minnesota had an $876 million surplus.
Strong tax collections in May puts Minnesota ahead of revenue projections
Management and Budget Commissioner James Schowalter says better-than-expected sales tax collections last month helped pad Minnesota's budget. Since February, tax revenues have surpassed estimates by $148 million. An economic update will be released next month and a new budget forecast will be issued in November.
House passes tax bill over DFL objections
The Minnesota House approved a tax bill that would freeze business property taxes and create several new tax breaks. Governor Dayton and other DFLers say the freeze will drive up the state's budget deficit in the next biennium. The tax breaks include incentives for investing in startup companies and hiring veterans.
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