The Minnesota Management & Budget Office released a memoyesterday stating that the state brought in an additional $252 Million more in revenue than projected for the month of April. Revenues are usually high in April due to the tax deadline, but the $2.453 Billion total was 11% more that what was projected in the February forecast used by the Governor and the Legislature in determining budget resources for the legislative session.
Minnesota currently has a fully funded 2-year budget. So any extra revenues by the government signifies that Minnesotans have been overtaxed. Governor Dayton will likely use this report to call for funding of his largest priority: fixing the financial insolvency of several Minnesota school districts.
The big question is what will the Republican legislature do with these numbers? Common sense would suggest that they give all back to Minnesota taxpayers. The tax cut bill in the House only has $107 Million in tax relief; they should make it $359 Million in tax cuts. But the track record of Speaker Daudt is to spend on more government. Contact your legislator today and tell him or her to give it back!