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Tag archives for Deficit

Dayton’s Reply to Crockett’s Email

Dear Kim:

Thank you for taking the time to send our office a letter. We appreciate your sharing your thoughts on a solution to balancing our state budget.

Budgets are about dollars and cents, but they are also a reflection of our values and priorities, and how we choose to close this budget gap will speak volumes about the kind of state

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Pew Study Finds Shortfall in States’ Retirement Systems

Here is a press release from PEW last week, and an article about the study from the Wall Street Journal. The PEW study (click here to download a PDF of the study) notes that Minnesota is one of the states that stepped up and addressed the problem of unfunded liabilities in 2010 through tweaks to the system including increased employee and taxpayer contributions. The PEW study notes, however, that Minnesota’s pensions still fell below their recommended 80% funding ratio (PEW reported

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Tax Freedom Day for Nation Today—Not Quite Yet in Minnesota

Here is a report from our Friends at the Tax Foundation on this year’s Tax Freedom Day. You can read the full report here: Tax Foundation Special Report No. 190

You can also get this year’s “Facts & Figures” here.

Tax Freedom Day® (for the nation) will arrive on April 12 this year, the 102nd day of 2011. That means Americans will work well over three months of the year, from January 1 to April 12, before they have earned enough money to pay this year’s tax obligations at the federal, state and local levels.

Tax Freedom Day arrives three day later in 2011 than it did in 2010, but nearly two weeks earlier than in 2007. This shift toward a lower tax burden since 2007 has been driven by three factors:

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