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MinneapolisMatt

(1,550 posts)
Thu Dec 4, 2014, 12:41 PM Dec 2014

Minnesota budget surplus grows to $1 billion

Source: Minneapolis Star Tribune

Minnesota’s well-performing economy has left the state with a budget surplus of $1 billion, the Minnesota Management and Budget Office reported Thursday.

The surplus, though expected, will set the table for the start of the upcoming budget process as Minnesota legislators figure out what to do with the windfall.

Since February, when the Minnesota Management and Budget agency published its last forecast, the state’s economy has expanded largely as projected, aided by stronger employment growth. The job gains have shrunk the unemployment rate to its lowest level in more than eight years — 3.9 percent.

The state's fiscal picture has brightened considerably since February 2012, the last time the state faced a deficit, which stood then at $627 million. The state’s budget reserve is now replenished, and tax revenue is pouring in.


Read more: http://www.startribune.com/politics/statelocal/284649071.html



30 replies = new reply since forum marked as read
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Minnesota budget surplus grows to $1 billion (Original Post) MinneapolisMatt Dec 2014 OP
And MN is mostly run by rightwingers, right? LOL NoJusticeNoPeace Dec 2014 #1
Michelle Bachmann? ChairmanAgnostic Dec 2014 #27
Gee, who'da thunk that when you put the DFL in charge, the state gets better? Hong Kong Cavalier Dec 2014 #2
Very proud of my state and its leaders. Hey Wisconsin - just keep voting rethug. You will get what jwirr Dec 2014 #3
Don't forget Kansas! savalez Dec 2014 #8
Exactly. But you know Wisconsin is right next door. They have no excuse for not knowing. jwirr Dec 2014 #10
I hear ya'. savalez Dec 2014 #14
Why do people keep saying this? Elmer S. E. Dump Dec 2014 #18
I Feel Your Pain - No Need For The Broad Brush IMO. - n/t mazzarro Dec 2014 #23
Are you a Wisconsinite? Elmer S. E. Dump Dec 2014 #25
what smart governance looks like! Kip Humphrey Dec 2014 #4
Public coffers in my little corner cilla4progress Dec 2014 #5
AND here in California, too! calimary Dec 2014 #21
+ Botany Dec 2014 #6
The comments at the link are hysterical. MinneapolisMatt Dec 2014 #7
DEMOCRATIC--- FARMERS----- LABOR PARTY turbinetree Dec 2014 #9
Unfortunately this will make us a Koch target - they cannot have any proof that they are wrong. jwirr Dec 2014 #11
Yes seriously they will be to your wonderful state soon no doubt lunasun Dec 2014 #17
Surprized the Glen Taylor News Wellstone ruled Dec 2014 #12
Governors of Minnesota turbinetree Dec 2014 #20
They should immediately put that surplus away to cover their state pensioners Yavin4 Dec 2014 #13
Yes. MinneapolisMatt Dec 2014 #16
How's that re-electing Scott Walker thing... LW1977 Dec 2014 #15
Pretty fucking shitty, if you insist on asking... n/t Elmer S. E. Dump Dec 2014 #19
Welcome to DU, LW1977! calimary Dec 2014 #22
If persuasion is your goal... RiverNoord Dec 2014 #28
Contrast this with the huge deficit in WI under asshole Walker. lark Dec 2014 #24
Such good news! I have just recently planned on moving back to snappyturtle Dec 2014 #26
Unfortunately we elected the GOP back into power in the House. Odin2005 Dec 2014 #29
I loved this paragraph, happyslug Dec 2014 #30

Hong Kong Cavalier

(4,573 posts)
2. Gee, who'da thunk that when you put the DFL in charge, the state gets better?
Thu Dec 4, 2014, 12:42 PM
Dec 2014

*peers over the border at Wisconsin and shrugs*

jwirr

(39,215 posts)
3. Very proud of my state and its leaders. Hey Wisconsin - just keep voting rethug. You will get what
Thu Dec 4, 2014, 12:46 PM
Dec 2014

you vote for.

 

Elmer S. E. Dump

(5,751 posts)
18. Why do people keep saying this?
Thu Dec 4, 2014, 02:12 PM
Dec 2014

I was born and raised and still live in Madison. I've never voted for a Refucklican in my life. Please watch the broad brush stokes!

I did not get what I voted for.

calimary

(81,323 posts)
21. AND here in California, too!
Thu Dec 4, 2014, 03:34 PM
Dec 2014

Thank you DEMOCRATS - in the governor's office, and in majorities in both houses of the state legislature.

Proof - meet pudding.

That is all.

turbinetree

(24,703 posts)
9. DEMOCRATIC--- FARMERS----- LABOR PARTY
Thu Dec 4, 2014, 01:11 PM
Dec 2014

That and is what happens when you have good jobs wages, environmental and regulatory concerns geared to the state and the citizens BEST interests at heart , health care , education benefits , tourism and you look at the above Title it say it all, I am truly proud of this state and love this state for looking past the fear and hate-------
not like in;
Wis----CON---SIN;
(how's the job picture in your state doing for you now and your criminal governor treating you like scum of the earth, spreading more hate and fear to keep his job, which he won by proxy, 37th in job creation, no high speed train service to Chicago to create jobs, but he attack UNIONS and FARMERS and blame them for your ills, like NO BUDGET SURPLUS .
I forgot he and your legislature your right wing republicans that do nothing except get phone calls from KOCH brother bidder, remember the fake phone call)

Go Minnesota keep up the good work look

lunasun

(21,646 posts)
17. Yes seriously they will be to your wonderful state soon no doubt
Thu Dec 4, 2014, 02:02 PM
Dec 2014

With cash and fairy tales
So much pristine land the rivers and lakes
little ones to Superior with a sane and successful government .
They will target MN - stay strong for the fallen midwest ( Mich , Wisc etc.)
& show an alternative to Koch madness

 

Wellstone ruled

(34,661 posts)
12. Surprized the Glen Taylor News
Thu Dec 4, 2014, 01:24 PM
Dec 2014

would allow this article in it's present form. Watch Hubburd and his ilk do a number on this. Last time we had this kind of surplus our state media gave us Jesse the Ego. And we now know what the results of that was. This surplus is wonderful,but,doesn't it just cover the Education Budget that was raided years back?

turbinetree

(24,703 posts)
20. Governors of Minnesota
Thu Dec 4, 2014, 03:23 PM
Dec 2014

There has been over 14 Democratic and Democratic Farmer Labor governors in the state, and 25 republicans and then, they had Tim Pawlenty for over eight years and a republican controlled legislature.
He and his band of merry men raided the Education fund and promised there pie in the sky rhetoric of lower taxes in its short falls on funding or lack of there of.
But now you have a legislature and a Democratic Governor which is saying to those that have the means and the wealth you have to pay your fair share on earned income---plain and simple, no tax cuts being subsidized by blaming the poor and the middle class like Pawlenty and crew.
They have said you will help fund the education and other programs from your wealth just like everyone else has too, this is not a one side shop of the haves not paying, and the have not paying everything .
They Pawlenty treated the education bond fund and other programs like it were a HEDGE FUNDS, so lets put the blame squarely on his and on there shoulders of those still the state government who are republican and who keep getting re-elected to bring this stuff back and they now have former governor turned lobbyists called Pawlenty not being held accountable for this issue, which he should and others of his ilk

Yavin4

(35,443 posts)
13. They should immediately put that surplus away to cover their state pensioners
Thu Dec 4, 2014, 01:27 PM
Dec 2014

There really is no such thing as a surplus when you have pension plans to cover.

MinneapolisMatt

(1,550 posts)
16. Yes.
Thu Dec 4, 2014, 02:02 PM
Dec 2014

I completely agree - we need to make sure that is in place! And also pay back the Education fund that the repubs raided "to balance" their budget.

calimary

(81,323 posts)
22. Welcome to DU, LW1977!
Thu Dec 4, 2014, 03:38 PM
Dec 2014

Glad you're here. And keep asking that.

Once upon a time, I proposed a meme here - "That's what you get when you vote republi-CON." Let's build some connectivity here. Help the gullible and ignorant and brainwashed start connecting the dots. The evidence certainly is out there. OUR talking points should be, too! Repeat and repeat and repeat and repeat and repeat and repeat and repeat. And did I say repeat?



Oh yeah - almost forgot...


Should be REPEATED, too!

 

RiverNoord

(1,150 posts)
28. If persuasion is your goal...
Thu Dec 4, 2014, 09:15 PM
Dec 2014

You might be better off not referring to the people you wish to persuade as 'gullible and ignorant and brainwashed.' People tend to arrive at decisions pretty quickly that someone isn't worth listening to when they treat their views and opinions with such disdain.

lark

(23,123 posts)
24. Contrast this with the huge deficit in WI under asshole Walker.
Thu Dec 4, 2014, 04:51 PM
Dec 2014

Liberal policies expand the working class and the rising tide floats all boats. Repug policies hurt the working class, driving down their income and buying power, hurting small businesses and large. However the fat cats at the top of the really large corporations get MUCH richer, and don't give a fuck about the rest of us who are struggling to get by.

snappyturtle

(14,656 posts)
26. Such good news! I have just recently planned on moving back to
Thu Dec 4, 2014, 07:15 PM
Dec 2014

MN...I've loved this state since I was a child....now this news is even more welcoming to my decision.

Odin2005

(53,521 posts)
29. Unfortunately we elected the GOP back into power in the House.
Fri Dec 5, 2014, 01:20 AM
Dec 2014

Prepare for another round of state government shutdowns because the idiots will refuse to compromise with the Senate and Dayton.

 

happyslug

(14,779 posts)
30. I loved this paragraph,
Fri Dec 5, 2014, 12:57 PM
Dec 2014
State budget director Margaret Kelly on Thursday said that though the number of enrollees in medical assistance grew slightly from a previous forecast, the uptick of enrollees have been largely adults without children. Since that forecast, the rate of families with children and individuals with disabilities enrolling in medical assistance has also dropped.


Translation into English, the number of people on what people call Welfare DROPPED like a rock while the number of Senior Citizens in nursing homes sky rocketed.

Families with children get Transition Aide to Needy Families (TANF) which is a Federal-state program where the Federal Government matches whatever the state pays up to the "Standard of Need" of $721 per month (No state pay has EVER paid welfare up to the "Standard of Need" so how much one get on welfare is set by the State, but the Feds pay half of the costs). As to medical costs, the 50% State and 50% federal share exists, but tied in with eligibility for Welfare otherwise (and tied in with Obamacare, Minnesota is one of the States that have a State Exchange under Obamacare).

People on TANF has dropped, sounds like most ended up with employment. On the other hand the number of Senior Citizen in nursing homes increased. This is another State-Federal program where the Federal Government pays 1/2 of the cost, the state the other half but the Senior Citizen must be on welfare to get the benefit and to be on welfare must have almost no assets.

Now, the Affordable Care Act (ACA or Obamacare) increase eligibility rates for Medical Welfare and agreed to pay 100% of the cost of that increase in the number of eligible people. Minnesota was one of the states that adopted ACA and thus gets that extra funds.

In effect the surplus is do NOT only a booming economy but also to the State adopting Obamacare.
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