So Close . . . Yet So Far Away. I may as well start with the Hall & Oates’ song that sums up how many are feeling given the Legislature’s failure to come to agreement on a broad range of funding bills that spelled doom not only for spending in a variety of budget areas, but also dooming the tax bill whose passage was contingent on reaching agreement on the spending side of the equation.
Education Conference Committee Meets Briefly on Wednesday Morning. The Education finance and policy conference committee met briefly this morning to discuss the House’s offer that was posted last evening. Under that offer, the House has increased its commitment to reduction of the special education cross-subsidy by reducing or eliminating proposed appropriations for a number of programs and moving the savings to cross-subsidy reduction. Even with these changes, the House’s cross-subsidy appropriation is markedly less than the
Senate Returns Serve. The Senate responded to the House’s offer late this afternoon with an offer of its own. The Senate offer increased their proposed LETRS appropriation of $30 million to $52.5 million and proposes to use the remainder of the $320 million at their disposal to reduce the special education cross-subsidy by $265 million for the coming fiscal year (2022-2023 school year) and an additional $676,000 over the next biennium. The offer also increases MDE’s
First Post-Agreement Offer Presented. The E-12 conference committee met this morning and heard testimony on a variety of programs aimed at closing the achievement and opportunity gaps that exist in Minnesota schools. After those presentations, the discussion turned to the budget agreement announced this morning by the Governor and legislative leadership that calls for $4 billion in tax cuts, $ 4 billion in new spending, and $4 billion being rolled into the next biennium as a
Big News on the Budget Front. The details have yet to be ironed out, but the Minnesota Reformer is reporting that an accord has been reached between Governor Walz and legislative leadership on the parameters of the budget deal for the 2022 legislative session. As it sits right now, the agreement stipulates that the target for new spending is $4 billion, the target for tax cuts is $4 billion, and $4 billion will be left on