Minnesota classrooms will see dollars sooner than expected because of responsible budgeting by Republican legislative majorities.
Through prioritized spending and without increasing the tax burden on hardworking Minnesotans, Republicans turned a $6.2 billion projected budget deficit into a $2.5 billion budget surplus for 2012-13.
A total of $900 million of those surplus funds immediately went toward replenishing the state’s empty budget reserves and cash flow account.
The remaining $1.6 billion in surplus funds paid off the “school shift” that was part of the 2011 budget compromise and is beginning to pay back the debt to schools borrowed by the DFL in 2010. School districts received scheduled payments on December 15th and 28th. The $1.6 billion shift payback represents 60% of the total amount borrowed from Minnesota schools by two different legislatures, over the past four years.
“This is tremendous news for our schools. By making government work smarter and designing efficiencies, we passed a balanced budget without asking Minnesotans to pay more taxes. Reform measures focused on growing jobs in our state and getting people back to work. Those efforts have paid off and our schools are benefiting from the improved budget situation,” said Rep. Steve Drazkowski (R-Mazeppa).
School districts in Rep. Drazkowski’s area will receive the following amounts from the most recent $1.3 billion in school shift payback. (The remaining $300 million is scheduled to be repaid early in 2013.)
Winona Area Public School District $5,196,046
Zumbrota-Mazeppa School District $1,421,471
Triton School District
St. Charles Public School District $1,327,099
Lewiston-Altura Public School Dist. $1,135,487
Wabasha-Kellogg Public School Dist. $854,162
Pine Island Public School Dist. $1,574,885
Goodhue Public School District $879,742
Kasson-Mantorville School District $2,913,177
Lake City Public School District $1,600,123
Kenyon-Wanamingo School District $1,186,225
“Our state has been placed upon the right path, but we still have a lot of work to do. Republicans know what it takes to balance the budget and deliver these positive results for the people of Minnesota.
“I am hopeful that Governor Dayton and Democrat lawmakers will work with us to continue on that successful path,” concluded Rep. Drazkowski. “Paying back the $1.1 billion remainder of the school shift, without forcing Minnesotans to pay more taxes, can and must be a priority this session.”