Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.
Seven years before Governor Mark Dayton failed to reach a budget deal with Republicans and Minnesota’s government shut, he closed his U.S. Senate office for almost a month after being warned of a terrorist threat.
Florida Governor Rick Scott shows how governors in at least nine states are approaching re- election campaigns next year by touting surpluses and pitching tax cuts, sometimes relying on one-time revenue to fund the breaks.
The formula to get taxpayers to pay for professional sports stadiums usually works this way: Promise construction jobs and downtown revitalization, and threaten to move the team if you don’t get what you want.
Minnesota Governor Mark Dayton agreed to a bond issue instead of higher taxes, and Republican legislative leaders endorsed higher spending in a deal to end a budget impasse that has closed state government for 15 days.
California is moving to pay down debt and boost reserves after an economic rebound left it with the biggest surplus in more than a decade. Hawaii may increase spending on education. Officials in Florida, New York, Minnesota and Wisconsin are considering tax cuts.