There are a couple of items from our Facebook page this week that we’d like to share with our blog audience:
Policymakers agree to $312 million in budget reductions. Policymakers took the first step to address the state’s budget shortfall on March 29, when the legislature passed a compromise supplemental budget agreement that had been negotiated with the Governor. The agreed-upon solution recommends changes to nearly every area of the state budget, except for the two largest areas: K-12 education and health and human services. New analysis from the Minnesota Budget Project highlights the major components of the supplemental budget bill and the impact on Minnesota families, then discusses the next steps for this legislative session.
Invest in Minnesota Woodbury In-District Meeting. Policymakers will be deciding shortly how to respond to the economic crisis—including whether or not they will take a balanced approach that meets the needs of Minnesota’s struggling families and starts to build for a more prosperous future.
Join Invest in Minnesota, a coalition of faith, labor and nonprofit organizations, united to raise revenue fairly, for an important conversation with Woodbury-area elected officials Rep. Bunn, Sen. Saltzman, and Rep. Swails.
This is your chance to tell your stories about why we need revenues as a part of a balanced solution to budget shortfalls, and to hear from local elected officials on how they plan to balance the budget.
The details: Tuesday, April 13, 2010, 6:00 – 7:30 p.m., R.H. Stafford Library, 8595 Central Park Place, Woodbury, MN
Please RSVP today to Julia Jackson or 651-757-3074 so that we can plan accordingly with space and refreshments. With any questions, contact Leah Gardner or 651-757-3063. More info at the Invest in Minnesota web site.
Tax Payback Year. We previously blogged on the problems with the Tax Freedom Day report. We later came across Economics Professor Nancy Folbre’s estimate of Tax Payback Year on the New York Times’ Economix.com blog. Tax Payback Year is described as “the number of years beyond age 21 that it takes average taxpayers to fully repay the government (and their fellow taxpayers) for the public funds expended on them in their first 21 years.” Interesting food for thought.
-The Minnesota Budget Project Team