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North Dakota colleges say Minnesota's free tuition plan "catastrophic" for the state

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[ad_1] Minnesota Senate sends bill to governor that would provide free college tuition for families making Minnesota Senate sends bill to governor that would provide free college tuition for families making 01:57 Minnesota's ambitious plan to give lower-income residents free college has created a "crisis" in neighboring North Dakota, where higher education officials worry about a drop in enrollment from Minnesota students who can get a better deal at home. North Dakota college leaders spoke at a meeting this week of the State Board of Higher Education, whose members brainstormed ways to prevent a flood of Minnesota students leaving North Dakota schools. "This ...

States are flush with cash. It's setting off "tax cut fever."

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[ad_1] Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year.  And lawmakers in more than half of states are responding to their new cash cushions with similar proposals: cutting taxes.  Twenty-seven states are weighing tax cuts this year, according to a recent analysis from the left-leaning Institute on Taxation and Economic Policy (ITEP), which termed the push "tax cut fever." Some officials are considering totally eliminating their state income tax, including in Mississippi and Arkansas, while others are floating property tax cuts, among other ideas. The drive to cut state taxes has accelerated during the pandemic. During the past two years, dozens of states reduced their income tax rates or created new tax credits and rebates, partly as their coffers overflowed due to strong economic growth and billions in...