Lawmakers prepare to finish on time
Posted at 4:36 PM on May 18, 2008
by Tom Scheck
Not too many surprises in the final budget deal. A tax bill with a 3.9% property tax cap, funding for local governments and direct relief to homeowners. The budget bill takes $500 milion from the state's budget reserves, has $355 million in budget cuts, transfers and one time money. There is also a tax credit for some veterans. A bonding bill was also agreed upon. It includes Central Corridor, a new state park on Lake Vermilion and a nursing facility at the Minneapolis Veterans Home.
Here's a story on the deal. Here's a like to spreadsheets if you're interested in that sort of thing.
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