Minnesota has a projected $17.6 billion surplus. This means Minnesotan's are way over taxed.
Last session there were Bills to exempt our PERA pension from State income tax. This surplus reiterates that we are over taxed. Our 2.5% COLA doesn't keep up with 8% inflation.
Also Minnesota is one of the few States that taxes Social Security. It's time to drop the Social Security tax on retirees. Last session that almost got done until Governor Walz phone call ended the session.
Retirees already have shrinking income due to inflation. We shouldn't have to give more to the taxman.
MNCORA will be very active this session!