Members of the Legislative Commission on Planning and Fiscal Policy are meeting to go over Gov. Tim Pawlenty’s latest budget offer. Here’s what they’re looking at:
Saturday May 16
Close the remaining $2.7 billion gap (after line item vetoes) by accepting House DFL level of education payment shift and additional spending reductions.
Accept House DFL K-12 shift level
Reduce LGA and related items
Renters credit to apply no more taxes paid (i.e. eliminate windfall) @ 50; political contribution refund @ 10; sustainable forest @ 5; PILT payment adjustment @ 8; taconite state aid @ 13; additional compliance @ 14
Additional HHS items to be negotiated with legislature including possible use of HCAF surplus for appropriate purposes
Higher education reduction