Number two of the three things that A LOT of people wanted to talk about is the topic of property taxes.
Facts: Our business property taxes are some of the highest in the nation.
And…our farm property taxes are much higher than surrounding states for equivalent land.
Both of these situations put our employers at a competitive disadvantage– limiting opportunity, growth and job creation, especially in rural and borders areas like Mower County.
Solution: There is a good case to be made for reducing our dependence on property taxes, and shifting more of the burden to sales and income taxes.
But…we need to do that without increasing those tax rates. For that to work means adopting state policies that are conducive to higher rates of growth—addressing Minnesota’s poor ratings with regard to heavy taxation and burdensome regulatory climate.
One of the things that life has taught me is that work fixes nearly everything. This is true for our state as well, and is a proper focal-point for changes in state policy:
We need more Minnesotans working—more hours if they want them—at better jobs and higher rates of pay.
Minnesota family budgets and state budgets both become a lot healthier.