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KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

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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.

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