- Associated Press - Friday, May 15, 2015

ST. PAUL, Minn. (AP) - Legislative leaders might defer consideration of hefty tax cuts and transportation funding until next year.

House and Senate leaders said Friday they’re nearing an overall budget deal that pumps new money into K-12 schools and preserves a health care program for Minnesota’s working poor. But Senate Majority Leader Bakk says there may not enough time to reach agreement over tax relief or transportation before Monday’s legislative deadline.

Instead, lawmakers plan to leave “significant” money in the state’s coffers to try again later.

Both parties campaigned on the importance of guiding billions of dollars into the state’s infrastructure network but differed on approach. The House GOP also lined up more than $2 billion in tax relief.

Gov. Mark Dayton’s spokesman says the governor is reviewing the tentative agreement.

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