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Minn. governor wants tax hike on wealthy for schools

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news Willmar, 56201

Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

ST. PAUL, Minn. (AP) — Gov. Mark Dayton is asking Minnesota’s wealthiest citizens to pay more than a billion dollars in new income taxes in order to boost state funding for schools and colleges by nearly $900 million.

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The Democratic governor released the updated budget proposal Thursday. As expected, Dayton dropped a proposed sales tax overhaul that generated strong opposition from business leaders.

Dayton also jettisoned a $500 yearly property tax rebate, but puts additional money into an existing program that provides property tax rebates and beefs up a property tax credit for renters. He boosts state aid programs to city and county governments.

Dayton also continues to call for a tobacco tax increase and for eliminating tax loopholes that benefit corporations. He says it’s not responsible budgeting to simply draw a line against all tax hikes.

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