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Dayton Releases Revised Budget

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Take two for the Minnesota budget Gov. Mark Dayton outlining revisions to his state budget recommendations. He is reshaping his plan after improved economic news whittled a projected deficit down to $627 million. The Democratic governor says he is scrapping plans to expand the state sales tax to services. He was counting on the new revenue to shave the underlying sales tax rate and provide property tax rebates. So, those tax breaks, along with a recommended reduction on the corporate tax rate, are going away too. Dayton, though, says he remains committed to a plan to increase income taxes on the top 2 percent of wage earners.