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7/6/2011 10:14:43 AM
Continues to seek compromise, resolution to budget impasse
St. Paul, MN - Today, Governor Mark Dayton once again offered compromise, proposing two different options for closing the gap between the Governor and the GOP legislative proposals. The Governor's first option includes a temporary 2% income tax surcharge on annual income over $1 million, and the second option includes an increase of the tax on cigarettes by $1.00 a pack.
Details of the two proposals are outlined in the /governor/assets/7-6-11-Dayton-offer-letter.pdf_tcm1055-92909.pdfattached letter from Governor Dayton, addressed to Senator Koch and Speaker Zellers.
Also attached is a document titled /governor/assets/Minnesota-Needs-a-Fair-and-Balanced-Solution.pdf_tcm1055-91989.pdf"Minnesota Needs a Fair and Balanced Solution: What the $1.4 Billion difference really means to Minnesotans." This document details the $1.4 billion that currently separates the two proposals.