VIDEO: Time for Payback

By John Van Hecke, Executive Director & Fellow, December 6, 2011 at 4:00 pm

Minnesota policymakers were mostly surprised to learn of the $876 million budget surplus. Further inspection, however, shows much of the celebration is premature. By law, the surplus must go back into state reserves first, leaving us nothing to bay back the $2.9 billion debt owe to Minnesota schools.

Minnesota 2020 Executive Director John Van Hecke breaks it down.

Posted in Fiscal Policy | Related Topics: Conservative Policy  "No New Taxes"  Education Funding