Posted at: 05/16/2013 10:16 PM
Updated at: 05/16/2013 10:50 PM
DMC Moves Forward, Lawmakers Sort Out Tax Increase Details
(ABC 6 News) -- The Mayo Clinic and lawmakers met for hours Thursday night working out the details to push the destination medical center project forward.
"We are pleased that state leaders have reached an agreement to authorize the financing tools to support the public infrastructure needed to ensure that the Destination Medical Center proposal will proceed. We are hopeful the final package will deliver the results we all want for Minnesota. We want to express our sincere appreciation to Governor Dayton, legislative leaders, our DMC bill authors, the City of Rochester, Olmsted County and the many groups and individuals who devoted time and provided valuable support for the DMC initiative."
Lawmakers also sorted out a tax package that is the linchpin of the next state budget.
The top two percent of income earners will pay two percent more on a portion of their income. The per-pack tax on cigarettes will rise by $1.60. Some corporate tax preferences will go away. But there won't be any changes to the alcohol tax.
Gov. Mark Dayton, House Speaker Paul Thissen and Senate Majority Leader Tom Bakk say the agreement will pave the way for the Legislature to pass its budget before a mandatory Monday night adjournment to the session.
Combined, the taxes will generate $2 billion more for Minnesota's two-year budget. But the leaders say there is $400 million in potential property tax relief in their plan.
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