SF 3223 Summary

• Total net reduction of $153.2 million in state spending across fiscal years 2010-2011, including $48 million reduction to higher education, $11.3 million to environment and natural resources, and $17.2 million to public safety.

• Reduces funding for Minnesota State Colleges and Universities by $10.5 million and University of Minnesota by $36.1 million in fiscal year 2011, with reductions primarily from operations and maintenance budgets.

• Modifies student loan programs by adjusting SELF IV and SELF V loan limits and repayment periods for undergraduate and graduate students, and increases bonding authority limits for higher education facilities.

• Updates property tax aids and credits by extending special levy authority for local governments to offset reductions in state aids and tax credits, effective for taxes payable in 2011 and thereafter.

• Abolishes 85 state agency positions across multiple departments and modifies unclassified position limits, reducing appropriations by $8 million in fiscal year 2011.