Skip to main content

Senate passes Republican effort to start paying back schools

The Senate gave it's approval to use the state's reserves to pay down a small part of the debt owed to Minnesota schools. The measure gets the state about a fifth of the way toward the $2 billion amount elected officials put off to solve past budget woes.
  • Author:
  • Updated:
    Original:

The Senate gave it's approval to use the state's reserves to pay down a small part of the debt owed to Minnesota schools. The measure gets the state about a fifth of the way toward the $2 billion amount elected officials put off to solve past budget woes.

Next Up

Screen Shot 2023-01-27 at 1.16.21 PM

Minneapolis' Royal Foundry Craft Spirits announces closure

The distillery set out to infuse the Minneapolis craft cocktail scene with British flavor.

ShutterflyGoogle

Shutterfly to cut almost 100 jobs at Shakopee facility

The layoffs are expected to impact multiple positions within the company.

millcitymuseum_hr1

Mill City Museum in the running to be named best history museum in the U.S.

The museum offers scenic views of the Mississippi River.

HolmgrenMugRamseyCo

Man charged with attempted murder of White Bear Lake police officer

Daniel Holmgren Jr., 33, was being served an arrest warrant at the time of the incident.

image

Gallery: 1,000-acre Wisconsin resort listed for nearly $4.3M

The lush landscape features a creek and private lake.

school bus

Alert after Woodbury students approached by strangers asking if they want candy

Valley Crossing Elementary School urged parents to go over safety information with their children in response to the incident.

basketball unsplash stock

North St. Paul basketball cancels Eden Prairie game after opposing coach's reinstatement

Head Coach Cornelius Gilleylen said he let his players decide amongst themselves.

Pixabay - school - classroom

These are the nominees for 2023 Minnesota Teacher of the Year

Education Minnesota has nominated 131 teachers from across the state.

TyreNicholsGoFundMe

Cities prepare for release of footage showing Tyre Nichols' fatal arrest by Memphis PD

Minneapolis Police Chief Brian O'Hara issued a statement on the incident Thursday.

DeShaun Hill

Cody Fohrenkam found guilty of Deshaun Hill Jr.'s murder

The 15-year-old was fatally shot on Feb. 9, 2022.

Screen Shot 2023-01-26 at 12.15.23 PM

Gov. Tim Walz proposes $3.3B for aging infrastructure

Walz's borrowing plan comes days after the release of his two-year state budget proposal.

Related

House, Senate Republicans reach deal to pay back K-12 schools

Republican lawmakers have agreed to use $430 million in the state's budget reserves to catch up on delayed payments to Minnesota schools. Gov. Dayton has voiced some worries that tapping the budget reserves could leave the state with cash flow problems.

Republicans want to use state budget reserve to pay off debt to schools

Minnesota has borrowed more than $2 billion from its schools to cover recent budget deficits. A group of Republicans says now that the economy is stronger the state should pay off that debt with money in reserve. But Governor Mark Dayton says raiding the reserve fund could leave the state vulnerable if the economy heads south again.

House approves plan to use rainy day fund for partial school payback

House members approved the shift from state reserves to pay back repeated delays of education money to cover deficits. The House plan uses $430 million of the rainy day fund to go toward the $2.4 billion owed to schools.

House and Senate vote to use reserve fund to pay state debt to schools

Both the House and Senate approved Republican-backed bills to pay off Minnesota's debt to its schools by drawing down the reserve fund. But Governor Dayton is not a fan of the idea. Dayton and other DFLers think it would leave the reserve fund too depleted.

Dayton intends to veto school payback plan

Governor Mark Dayton calls the plan to use reserves to partially pack back an IOU to Minnesota schools 'financially irresponsible'. The Republican proposal would draw down the state's reserve fund more than $400 million, which would pay only a fraction of the total amount the state kept back from schools in order to balance the budget and end a government shutdown last year.

Minnesota Senate passes GOP tax relief measures along party-lines

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.