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  • A Decade of Deficits

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    Minnesota House DFL Caucus
    150 vizualizări1 pagină
    Minnesota’s deficits of the past decade have been “resolved” almost entirely by cuts and accounting gimmicks. Past budget cuts and gimmicks have disproportionately hit middle-class Minnesotans. The decade of cuts and gimmicks hasn’t solved our state’s structural deficit problem. Minnesota has faced a deficit in 8 out of the last 10 years.

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    Minnesota’s deficits of the past decade have been “resolved” almost entirely by cuts and accounting gimmicks. Past budget cuts and gimmicks have disproportionately hit middle-class Minnesotans. The decade of cuts and gimmicks hasn’t solved our state’s structural deficit problem. Minnesota has faced a deficit in 8 out of the last 10 years.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
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    150 vizualizări1 pagină

    A Decade of Deficits

    Încărcat de

    Minnesota House DFL Caucus
    Minnesota’s deficits of the past decade have been “resolved” almost entirely by cuts and accounting gimmicks. Past budget cuts and gimmicks have disproportionately hit middle-class Minnesotans. The decade of cuts and gimmicks hasn’t solved our state’s structural deficit problem. Minnesota has faced a deficit in 8 out of the last 10 years.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
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    A DECADE OF CUTS AND GIMMICKS

    ACCOUNTING SHIFTS & ONE TIME SOLUTIONS


    REVENUE Minnesotas deficits of the past decade have been resolved almost entirely by cuts and accounting gimmicks. 73.5% 18.4% 8% Accounting shifts & one-time solutions Cuts Revenue

    CUTS

    Source: non-partisan House Fiscal Analysis Department

    A DECADE OF SQUEEZING THE MIDDLE CLASS


    Past budget cuts and gimmicks have disproportionately hit middle class Minnesotans

    86% increase in property taxes since 2002 Tuition at our public colleges & universities has more than doubled since 2000 Slipped from Top 10 to 22nd in K12 Education funding
    Source: Minnesota Management and Budget, Minnesota Office of Higher Education, US Census Bureau Public Elementary-Secondary Education Finance Data

    A DECADE OF DEFICITS
    The decade of cuts and gimmicks hasnt solved our states structural deficit problem. Minnesota has faced a deficit in 8 out of the last 10 years.
    2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

    Source: The Minnesota Office of Management and Budget

    The status quo isnt working. We need a new direction. 3 Put the middle class first for a stronger Minnesota economy 3 Invest in education & the workforce of the future 3 Balance our budget honestly without gimmicks

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