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Minnesota Taxes and Tax Plans

taxes

State tax policy that prioritizes everyday Minnesotans can expand economic opportunity, build thriving communities, and strengthen our economic future. However, tax policy can also widen income, wealth, and racial inequality if it primarily benefits those who are already doing well in today's economy.

We analyze individual tax proposals and full tax plans from the governor and legislative bodies, as well as the tax system overall, emphasizing the impact on everyday Minnesotans, tax fairness, and the ability of the tax system to raise the revenues needed to sustainably fund public investments that keep us moving forward as a state.

Research

August 2011

2011 budget decisions will undermine current recovery and hurt state's long-term economic success

After a nearly three-week government shutdown, Governor Dayton and the Legislature finally agreed to a budget for the state's FY 2012-13 biennium. The agreement delays $2.2 billion in payments to school districts, borrows $640 million through tobacco bonds, and reduces funding for vital public services by more than $2 billion. This analysis examines the impact of these decisions on K-12 education, health and human services, higher education, jobs and economic development, public safety, transportation, and taxes.

June 2011

A tale of two visions: Comparing Governor Dayton's and the Legislature's FY 2012-13 budgets

During the 2011 Legislative Session, Governor Dayton and the Legislature put forward two very different plans for the state's next two-year budget. Governor Dayton has proposed a balanced approach that combines spending cuts and revenue increases, while the Legislature's budget relies heavily on deep cuts to services. This analysis compares the details of the two plans for K-12 education, health and human services, higher education, jobs and economic development, public safety, transportation, and taxes.

May 2011

Revenue-raising options to help close Minnesota's FY 2012-13 budget deficit

Minnesota faces a long, slow economic recovery, large state deficits and some very tough choices. Taking a balanced...

May 2011

Constitutional revenue limits damaged Colorado's business climate, quality of life

In 1992, Colorado adopted TABOR, a constitutional amendment that strictly limits state spending. The state soon found itself falling behind in many economic performance and achievement indicators. In 2005, a bipartisan, broad-based coalition of state leaders and groups succeeded in temporarily suspending TABOR to allow Colorado's economy to recover. 

Taxes and Tax Plans Blog Posts

April 15, 2021

Walz's supplemental budget calls for resources for greater investments

We have called on policymakers to take bold action to respond to the health, economic, and racial justice crises before...

January 27, 2021

Walz’s proposed budget includes strong and fair revenues

Governor Tim Walz released what he called his “COVID-19 Recovery Budget” in the context of health, economic, and state revenue crises.

October 30, 2020

October special session legislation includes first-time efforts for equity in bonding package

Minnesota policymakers passed a long-awaited infrastructure package when they convened on October 12 for their fifth...

August 10, 2020

Minnesota expecting continued revenue shortfalls; time for strong federal action

July brought us more sobering news about the ongoing damage that COVID-19 is expected to have on the economy, and by extension the state’s budget.