Taxes not tabled after improved forecast
ST. PAUL – Talk of tax increases continues even as economists anticipate a smaller state budget deficit.
“Tax reform is important for Minnesota’s future,” Senate Majority Leader Tom Bakk, DFL-Cook, said. “I don’t think this will even slow that down.”
Bakk’s comments came shortly after Minnesota Management and Budget reported Thursday the state will face a $627 million shortfall in the next two years, down from $1.1 billion predicted in late 2012.
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