Minnesota’s budget and economic outlook has weakened since November. Lobbyist Bruce Kleven says that’s not a surprise, but adjustments will need to be made to the governor’s proposed budget. “Governor Walz will either have to revise his proposal or if he wants to keep spending money, he’ll have to find more revenue, which means tax increases somewhere else.” This could be a gas tax or others. “There’s a statewide business property tax he’s proposing to increase,” explains Kleven. “There’s also a provider tax on the healthcare tax set to expire. That can bring in several million dollars if that’s renewed.” Lawmakers are taking a closer look at the budget in the session moving forward.
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