1997 Minnesota Statutes

     16A.102 Budgeting revenues relative to personal income. 

    Subdivision 1.    Governor's recommendation.  By the 
 fourth Monday in January of each odd-numbered year, the governor 
 shall submit to the legislature a recommended revenue target for 
 the next two bienniums.  The recommended revenue target must 
 specify: 

    (1) the maximum share of Minnesota personal income to be 
 collected in taxes and other revenues to pay for state and local 
 government services; 

    (2) the division of the share between state and local 
 government revenues; and 

    (3) the appropriate mix and rates of income, sales, and 
 other state and local taxes and other revenues, other than 
 property taxes, and the amount of property taxes and the effect 
 of the recommendations on the incidence of the tax burden by 
 income class. 

 The recommendations must be based on the November forecast 
 prepared under section 16A.103. 

    Subd. 2.    Legislative budget resolution.  By March 15 
 of each odd-numbered year, the legislature shall by concurrent 
 resolution adopt revenue targets for the next two bienniums.  
 The resolution must specify: 

    (1) the maximum share of Minnesota personal income to be 
 collected in taxes and other revenues to pay for state and local 
 government services; 

    (2) the division of the share between state and local 
 government services; and 

    (3) the appropriate mix and rates of income, sales, and 
 other state and local taxes and other revenues, other than 
 property taxes, and the amount of property taxes and the effect 
 of the resolution on the incidence of the tax burden by income 
 class. 

 The resolution must be based on the February forecast prepared 
 under section 16A.103 and take into consideration the revenue 
 targets recommended by the governor under subdivision 1.  

    Subd. 3.    Even-numbered year and special sessions.  
 The governor or the legislature may elect to modify their 
 revenue targets in a special session or an even-numbered year 
 regular session.  The requirements of subdivisions 1 and 2 
 apply, except that within ten days of the start of the session 
 the dates provided in those subdivisions must be modified to be 
 consistent with the planned date of adjournment. 

    HIST: 1994 c 587 art 7 s 1