Tuesday, April 8, 2008

New Minnesota Miracle To Be Paid For With Income Tax Increases

The chairperson of the Minnesota House Education Funding Committee said her committee's plan to increase spending for public education will be paid for with increases in Minnesota's income tax. Roseville lawmaker Mindy Greiling said the proposed bill wouldn't be introduced until next year, would increase public education spending by $1.7-Billion per year and shift $600-Million worth of property taxes to the state's general fund beginning in 2010. Greiling said how much the income tax increase would be depends upon the House Tax Committee that would handle that portion of the program.

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