Politics & Government

GOP Offer, June 30

A transcription of the offer.

Shift school aid payments from 70/30 to 60/40 ($700 M)

Issue tobacco bonds to cover remaining gap as agreed to by Governor, Speaker and Senate Majority Leader (TBD)

Increase per student formula by $50/yr to cover additional borrowing costs (+ $128 M)

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Add $10 M more to University of Minnesota to equalize reductions with MNSCU ($60 M for Higher Education)

Restore funding to Department of Human Rights and Trade Office.

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Session details: Signed agreement that tonight's Special Session of the Legislature would be confined to passing a "lights on" extension of funding for all current operations and obligations of state government until 11:59 p.m. on July 11, 2011. No other votes would be permitted and the session would conclude by 11:59 p.m. on June 30, 2011. All budget bills will be completed and passed on Monday, July 11, 2011.


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