Half Of Dayton's MN Deficit Fix Comes From Taxes
February 15, 2011, 11:15 AM
ST. PAUL, MN -
Nearly half of Gov. Mark Dayton's fix to Minnesota's budget deficit comes from higher income taxes on the wealthy.
Dayton on Tuesday outlined a two-year, $37 billion budget. It calls for about $2.8 billion in new income taxes, which he says would fall on the top 5 percent of income earners.
Minnesota faces a $6.2 billion shortfall over the next two years.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.