It appears chances are dead for a special legislative session that could have brought billions of dollars in tax cuts and new spending in Minnesota. Democratic Gov. Tim Walz told reporters late Thursday that talks with Republican leaders had “reached an impasse,” leaving about $7.2 billion of an original $9.25 billion surplus unspent. About a week before the end of the regular session last month, Walz and top legislators announced an agreement to use $4 billion to cut taxes, $4 billion to increase spending and to save another $4 billion. Republican Senate Majority Leader Jeremy Miller blamed Democrats for the impasse, saying they wanted too much in spending.
AP
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Original story:
It appears chances are dead for a special legislative session that could have brought billions of dollars in tax cuts and new spending in Minnesota.
Democratic Gov. Tim Walz said late Thursday that talks with Republican leaders have “reached an impasse,” leaving billions of dollars from a state surplus unspent. About a week before the end of the regular session last month, Walz and top legislators announced an agreement on a plan to use $4 billion of the surplus over the next few years to cut taxes, $4 billion to increase spending in a number of areas and to save another $4 billion in case of an economic slowdown.
House Speaker Melissa Hortman says Republican Senate Majority Leader Jeremy Miller told her the budget surplus deal is no longer in force now that the regular session is over.
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