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Legislative Update: May 15, 2018

Posted By Administration, Tuesday, May 15, 2018

Late last night the Supplemental Budget Conference Committee took up the Jobs and Economic Development articles of the Omnibus Supplemental Funding Bill.

Good news - the Conference Committee reversed House and Senate proposals to significantly cut the Job Creation Fund and the Minnesota Investment Fund. As you will recall, the House proposed reducing the Job Creation Fund by $7 million and the Minnesota Investment fund by $5 million and to reduce the base of both programs into the future; the Senate proposed reducing the Minnesota Investment Fund by $2 million. They kept two carve outs to MIF, $1,000,000 for Verso Paper in Duluth and $1,000,000 for a company in Minnetonka. The rest of the earmarked MIF and JCF allocations that were in the House bill were not accepted in Conference.

Ultimately, the Conference Committee agreed to:

  • $15 million from the General Fund for Broadband
  • No reductions to the Minnesota Investment Fund
  • A one-time reduction of $1.5 million to the Job Creation Fund and appropriated that funding to a project in Cambridge, Minnesota
  • No cuts to the base (future funding) of either JCF or MIF.

Here is a link to the spreadsheet, which does NOT reflect the reduction of $1.5 million to the JCF because it was done by amendment during the committee hearing last night. Otherwise, the final column (“Conference”) is what was agreed to by the committee.

Bill Language:
SF3656 Jobs Appropriation Articles
SF3656 Jobs - Unemployment Insurance Articles
SF3656 Jobs - Economic Development Articles

Moving forward, the Conference Committee still has several articles of the supplemental budget bill to consider; it will then go back to the House and Senate for a final floor vote (no amendments are allowed at that point). If the governor receives the bill by Wednesday, he will have three days to sign, veto, or line item veto the bill.  If he receives it within the last three days of session, he has 14 days.  The Governor, House and Senate leadership are meeting this morning to negotiate an overall pathway through the end of session.

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