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Minnesota’s economic news, w/e 12/13/19

State and local taxes and spending

Star TribuneWhere does all Minnesota’s tobacco tax revenue go?

KTTC: Billion dollar budget surplus for Minnesota draws different reactions

Minn PostFour takeaways from Minnesota’s latest budget forecast

Austin Daily HeraldCity holds annual Truth in Taxation Hearing; 2020 proposed tax levy set at $7.15 million

Alexandria Echo PressProposed levies are a mixed bag in Douglas County

Lonsdale News ReviewDespite grumbling, Rice Co. property taxes are among state’s lowest

Spring Hill InsiderLegislative Auditor: Minnesota R&D Tax Credit Lacks Explicit Purpose, Doesn‘t Pay For Itself

Duluth News TribuneOpinion Roundup: State surplus sparks slew of sentiments

MPR NewsIn cabin country, rental property could get new tax treatment

Brainerd DispatchFew residents attend Cass County truth in taxation hearing

Grand Forks HeraldEast Grand Forks readies 2020 budget

Minneapolis/St. Paul Business JournalGot a cabin? Rent your cabin? You may be in for a big tax hike

Mankato Free PressOur View: Raising taxes on vaping products would help kids

Litchfield Independent ReviewCommentary: What should Minnesota’s government do with its forecast surplus?

Bluff Country Newspaper GroupPhillips: How would you spend your surplus?

Park Rapids EnterpriseProperty owners ask Hubbard County to reduce taxes

Star TribuneMinneapolis City Council approves $1.6 billion budget for 2020

Monticello TimesMonticello tax levy to increase 4.8 percent

Marshall IndependentMarshall considers setting $7M levy

West Central TribuneMinnesota Opinion: Compromise is in order for state budget surplus

The Center Square: Minneapolis City Council passes $1.6B budget, largest property tax increase in a decade

Bring Me the NewsRep. Dean Phillips trying to repeal cap on state and local tax deductions that particularly hurt his district

Economic growth

Alexandria Echo PressMinnesota officials forecast slow economic growth, warn of uncertainties

St Cloud TimesQuarterly Business Review: Area economy enters uncertain period

Star TribuneMicrodistilleries prepare for worst as tax relief set to expire

KAALTVSmall business owners look ahead to 2020 economy

KIMT 3: Rochester Chamber president upbeat about future

Regulation

Rochester Post BulletinMinnesota microdistilleries brace for ‘perfect storm’

Economic development

Star TribuneMinnesota invests $412,515 into four expanding plants. Gains 35 new jobs

Twin Cities BusinessFour Minnesota Businesses to Receive State Money for Job Creation

Minneapolis/St. Paul Business JournalBack-from-dead Angel Tax Credit behind 70 investments in 2019, with more still available

John Phelan is an economist at the Center of the American Experiment. 

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