Legislators get details of governor’s budget offer
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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:
Governor's offer
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
$1.75 billion
Reduce LGA and related items
$450 million
Other items
$100 million
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
$250 million
Higher education reduction
$190 million
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