Governor Tim Walz announced his $49.5 billion budget
proposal today. In the two-year spending plan, Walz included $15 million to
address property tax relief for land in compliance with Minnesota’s buffer law.
Review proposed tax
aids, credits and refunds here
and refer to page 23 for specifics on “buffer credit for agricultural land.”
Today’s budget will be revised after an economic forecast in
late February/early March, as well as negotiated throughout the current legislative