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02/02/24
2023 Child Care Budget Paves the Way for a Brighter Future Full Story
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05/12/23
A Minnesota Child Tax Credit would fight child poverty Full Story
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02/22/24
Spread the word Share resources about the new Child Tax Credit Full Story

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01/25/24

Proposed federal Child Tax Credit expansion would boost the incomes of millions of families

Congress is considering passing an important expansion of the federal Child Tax Credit that would benefit about 16 million children in low-income families across the US. But it's not a sure thing yet. We've included a link in the blog to email your representatives today, urging them to pass an expanded CTC and reduce poverty among the nation's children.

01/25/24

Proposed federal Child Tax Credit expansion would boost the incomes of millions of families

Congress is considering passing an important expansion of the federal Child Tax Credit that would benefit about 16 million children in low-income families across the US. But it's not a sure thing yet. We've included a link in the blog to email your representatives today, urging them to pass an expanded CTC and reduce poverty among the nation's children.
12/18/23

Minnesota’s November Budget Forecast is a mixed bag

The state budget forecast predicts an $82 million positive balance at the end of the four years covered by the forecast. One-time surplus dollars generated in the past continue to be an important funding source throughout the four-year budget window. In this blog, we share our high-level takes on the forecast, which gives policymakers, advocates, and the public an initial look at the state’s budget landscape as we get closer to the upcoming legislative session.
11/27/23

Recent information points to stronger state budget picture

Recent budget reports suggest that Minnesota will likely project a larger budget surplus when the next legislative session kicks off. This in part reflects the fact that the national economy has performed more strongly this year than was previously anticipated. In October, Minnesota Management and Budget determined that the prior FY 2022-23 final general fund balance was $820 million higher than end-of-session estimates.

About the Minnesota Budget Project

The Minnesota Budget Project is a research and advocacy organization that promotes policy solutions so that all Minnesotans have access to opportunity and economic well-being.

Established 25 years ago, the Minnesota Budget Project is a nonpartisan initiative of the Minnesota Council of Nonprofits.


Economic opportunity and prosperity should be available to all Minnesotans, regardless of who they are or where they live.

Featured Research

Minnesota's policy choices move it toward top for tax fairness in 50-state study

In an era of income inequality and growing concentration of wealth, a new 50-state study analyzes whether state tax systems make income inequality better or worse. The Institute on Taxation and Economic Policy (ITEP) finds that Minnesota’s tax system reduces income inequality in our state. Minnesota ranks 50th on ITEP’s Tax Inequality Index, with only the District of Columbia having a stronger impact on reducing inequality.

A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty

Minnesota should join a growing number of states that have created Child Tax Credits, building on the remarkable success of the expanded federal Child Tax Credit in reducing child poverty and material hardship among families.

Who receives the Child and Dependent Care Tax Credit?

In 2020, more than 38,000 families received Minnesota’s Child and Dependent Care Tax Credit. Focused on low- and moderate-income families, this tax credit is one part of a spectrum of state investments to bring down the cost of child care, which also includes child care assistance, early learning scholarships, Head Start, and pre-Kindergarten.

Issues

06 - Income and Work

Nov 29, 2018, 16:53 PM

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