Economic development takes cuts

Minnesota economic development takes a $21 million hit in a year when the economy itself is taking its biggest hit in 50 years.

The Senate voted to cut economic development funding 38-28 Monday night. The House is expected to follow suit Tuesday.

A House-Senate compromise funding proposal cuts state economic development funds from $284 million being spent in the current budget to $263 million in the two-year budget starting July 1.

Included in the cuts are state and regional arts programs, Minnesota Historical Society, housing programs and tourism.
Sen. David Tomassoni, DFL-Chisholm, said the measure is a true compromise. He said the conference committee improved the bill from the one 49 senators supported last month.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>