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Minnesota Budget Bites

05/13/24
  • Minnesota Budget
  • Minnesota Taxes and Tax Plans
  • Minnesota Taxes
  • Minnesota Tax Credits
  • Minnesota Budget Plans

Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations

minnesota capitol close up
Minnesota policymakers could be less than two weeks away from enacting into law innovations and improvements in the Child Tax Credit and Minnesotans’ tax-filing experience. Here's a closer look at the issues we are watching and how they are treated in Walz’s tax plan, the House tax bill, and Senate tax bill. Tax negotiators will need to reach agreement and pass final tax legislation before the legislative session ends on May 20.
05/03/24
  • Federal Issues
  • Minnesota Taxes and Tax Plans
  • Minnesota Taxes
  • Minnesota Tax Credits
  • Federal Taxes

Direct File could save Minnesotans time and money when filing income taxes

woman with glasses with laptop
Paying taxes is how we come together to fund public services that Minnesotans value and count on, but with our current system, the majority of folks pay to meet their tax-filing responsibilities. Direct File is a free online tool to file and prepare income taxes, and Minnesota can build on positive federal progress on making this option available. Read our blog to learn about how a Direct File system would benefit Minnesotans by saving time, money, and improving access to tax credits.
04/17/24
  • Minnesota Budget
  • Minnesota Budget Plans
  • Child Care

Powerful stories show child care is unaffordable for many; Great Start Scholarships are a solution

father and two children drawing together on the floor
This legislative session, families, lawmakers, advocates, and more have drawn attention to child care affordability as an urgent problem that requires solutions. Earlier this session, a hearing was held at the Minnesota House of Representatives where a number of testifiers spoke to the struggles with affordability they face. Parents and providers alike are looking for policy solutions; here are a few of their stories.
04/16/24
  • Minnesota Budget Plans
  • Minnesota Budget Outlook and Trends
  • Minnesota Budget

Latest economic report shows Minnesota revenues coming in above forecast

mother and child grocery shopping
Minnesota’s revenues are up, and the near-term national economic outlook is slightly improved compared to the February forecast, according to the new April Revenue and Economic Update from Minnesota Management and Budget. Here are some of the Minnesota Budget Project's top takeaways from the update, including what this might mean for budget and tax decisions this legislative session.