House targets are out…

House targets are out for balancing the $935 million deficit for the FY 2008-09 biennium… (a PDF version is now available from House Fiscal Analysis)

Higher Education (base is $2.9 billion)
Governor reduces by $52 million, House reduces by $45 million

K-12 Education (base is $13.2 billion)
Governor reduces by $2.4 million, House increases by $23 million

Early Childhood Learning (base is $306 million)
Governor leaves as is, House leaves as is

Agriculture, Rural Economies & Veterans Affairs (base is $169 million)
Governor increases by $8.5 million, House increases by $2.4 million

Environment & Natural Resources (base is $302 million)
Governor reduces by $3.4 million, House reduces by $3.4 million

Health Care & Human Services (base is $7.9 billion)
Governor reduces by $524 million, House reduces by $131 million

State Government (base is $582 million)
Governor reduces by $21 million, House reduces by $21 million

Transportation (base is $216 million)
Governor reduces by $32 million, House reduces by $200,000

Public Safety (base is $1.7 billion)
Governor reduces by $16 million, House reduces by $11 million

Energy (base is $48 million)
Governor reduces by $9 million, bHouse reduces by $12 million

Housing & Public Health (base is $244 million)
Governor reduces by $2 million, House reduces by $2 million

Capitol Investment (base is $752 million)
Governor increases by $8 million, House increases by $18 million

Taxes (base is $3.0 billion)
Governor raises revenues by $64 million, House raises revenues by $174 million

Budget Reserve (current balance is $653 million)
Governor uses $250 million, House uses $273 million

Cash Flow Account (current balance is $350 million)
Governor uses none, House uses all $350 million

Health Care Access Fund 
Governor uses $286 million, House uses $3.5 million

Federal TANF Fund 
Governor uses $94 million, House uses $44 million

We don’t know what the details are on the House side for most of these targets. However, House committees are meeting right now to make those decisions. And all the committee omnibus bills are scheduled to be in the House Finance committee by 9 am this Thursday!

-Christina Wessel
 

About Christina Wessel

Christina served as the Minnesota Budget Project's deputy director until January 2014.
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