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ABOUT USThe Minnesota Budget Project is an initiative of the Minnesota Council of Nonprofits.
| Invest in Minnesota Brownbag Lunch Discussions Coming to Your TownEnough cuts! Enough pain! It’s time to get back to building Minnesota. This summer, the Invest in Minnesota Campaign, a coalition of nonprofits, faith and labor groups, will be visiting towns across the state and holding brown bag lunch discussions to review our state’s revenue and budget crisis and focus on what concerned people can do to promote smart investment in Minnesota and renewed prosperity for Minnesotans. For a complete schedule and to register, click here. New Analysis of Governor, Senate and House 2008 Budget Balancing ProposalsWith a nearly $1 billion deficit, the Governor, Senate and House have each come up with their own solution to solve the shortfall for the current budget biennium. In this new issue brief, we analyze how each area of the budget - from the environment to health and human services - will be effected under each of the proposals. The Governor’s proposal relies the most heavily on spending reductions, asking Minnesota’s most vulnerable – our low-income families, children, elderly and disabled – to bear a large share of balancing the state’s budget. The House and Senate plans include fewer spending reductions, turning instead to the other available tools – revenue increases and one–time resources to fill the gap. Radical Reform of the Federal Estate Tax: A Solution in Search of a ProblemOver 99% of Americans who die will pass on their estates without ever coming into contact with the federal estate tax, yet some members of Congress have proposed radical reforms to the tax. The Minnesota Budget Project has released a new issue brief that details how the tax works, the role it plays in a fair federal tax system and how Minnesotans are effected by the estate tax. Radical reform of the tax would harm charitable giving, our ability to fund vital services and the fairness of our tax system. 90 Nonprofits Call for a Federal Budget that Invests in our CommunitiesCongress will soon vote on a budget conference report that will determine whether there will be adequate federal dollars available to address our domestic priorities, from funding affordable housing to protecting the quality of our lakes, rivers, air and water. Ninety nonprofits joined the Minnesota Council of Nonprofits in a letter to our U.S. senators and representatives urging them to make progress in addressing domestic priorities through a federal budget that reflects Minnesota values. Revenue Shortfalls Mean Minnesota Faces Long-Term Budget DeficitsThe state's most recent economic forecast assumes that the country will experience a mild recession through the first half of 2008. As a result, the state faces a $935 million deficit in FY 2008-09 and a $2.1 billion deficit in FY 2010-11 when the impact of inflation is included. Keep Up-to-Date With Our Budget BlogThe Minnesota Budget Project blog - Minnesota Budget Bites - is a new way of getting the important information to you in a timely way. Because we want you to know, what we know, when we know it. Federal Economic Stimulus Package: It's Not Too Late to File for a Stimulus PaymentThere will be $112 billion in federal tax rebates going out this year to over 130 million Americans as part of the federal economic stimulus package. A Minnesota Budget Project analysis finds that the Federal Economic Stimulus Bill Reaches More People, But Leaves out Quickest-Acting Measures. Even though the April 15th tax deadline has passed, you can still submit an income tax return, and get an economic stimulus payment. The Minnesota Budget Project has created a new web page with resources on understanding the tax rebates and finding free tax preparation assistance.
Updated May 16, 2008 |
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