The Minnesota Management & Budget office released a report yesterday that details the state’s revenue problem. It shows on a state-by-state basis the changes in state and local taxes per capita as well as each state’s deficit as a percentage of their budget. The message conveyed in the document is that Minnesota has a revenue problem.
In the report’s words:
“Conservative legislators argue that Minnesota has a spending problem. They’re right, to a degree. Rising health care costs and the state’s aging population are pushing state expenditures upward. The challenge for state policymakers is to address those rising costs without inflicting more hardship on Minnesota’s most vulnerable residents.
However, conservative legislators are wrong in their insistence that Minnesota only has a spending problem. Minnesota also has a serious revenue problem.”