Minnesota’s Economic News — W/E 12/6/24
State and local taxes and spending
Pioneer Press: St. Paul ‘Truth in Taxation’ hearing scheduled Monday, but Carter and council still $6 million apart
Pine and Lakes Echo Journal: Letter to the Editor: Seasonal property owners need a voice
KROC: State Revenues Surpass October Forecast Despite Tax Shortfalls
KSTP: St. Paul public hearing set for Monday over proposed property tax hike
Minnesota Reformer: We’re swimming in cash — the state’s budget agency has been underestimating revenue, bigly
Rochester Post Bulletin: Rochester, Olmsted County to review 2025 budgets and confirm property tax levies
Star Tribune: Divided Anoka County Board approves nearly 17% tax levy hike in sometimes tense meeting
KSTP: Residents pack St. Paul City Council chambers over proposed property tax hike
Kare 11: Residents pack St. Paul City Hall to address concerns about property tax hike
Minnesota Reformer: St. Paul is heading toward a fiscal cliff — we’re sounding the alarm
Pioneer Press: Michaud, Todd: How St. Paul can find a good way forward from its fiscal ailments
MPR News: Minnesota economic forecast will set fiscal tone at newly configured state Capitol
The Minnesota Daily: St. Paul residents concerned by proposed property tax increase
Minnesota Reformer: Minnesota’s budget outlook: Smaller surplus, deficits down the road, as much as $5 billion
Star Tribune: Modest budget surplus overshadowed as Minnesota projects $5 billion deficit down the line
Minn Post: State economists project a modest budget surplus, but future deficits loom
Bring Me the News: Latest state budget forecast shrinks projected surplus by $1.1B
Detroit Lakes Online: Minnesota budget projections show looming $5 billion deficit
Axios: Minnesota’s projected budget surplus shrinks to $616 million
WCCO: Minnesota budget surplus forecasted at $616 million, but warning signs linger
Fergus Now: Local Minnesota Legislators React to Projected State Budget Deficit of $5 Billion
Minn Post: With budget deficits on the horizon, state lawmakers react along party lines
Star Tribune: Ramstad: Ramstad: Budget, political constraints signal big fight ahead in Minnesota
KAAL TV: New Renter’s Credit coming to Minnesota in 2025
Isanti-Chisago County Star: Disproportionate property value changes fuel residents’ tax increases
Regulation
Fox 9: Uber and Lyft new driver minimum wage to take effect Dec. 1
KFGO: Minimum wages for Uber and Lyft drivers take effect Sunday
KSTP: Rideshare drivers to see higher wages at the start of December
Fox 9: Uber, Lyft increased driver minimum wage now in effect
Kare 11: New rideshare rates take effect across Minnesota
Sahan Journal: Rideshare drivers say they’re still waiting for a pay bump after new Minnesota law goes into effect
MPR News: Minneapolis City Council fails to override veto on labor standards board
Economic growth
The Ely Echo: Jobs, wages lag in Ely area
Business North: Minnesota Chamber: Rising costs, high taxes among key barriers to doing business in the state
KSTP: Minnesota’s outdoor recreation economy shows steady growth for 2024
Labor market
North Pine County News: New program at Pine Technical and Community College helps expand workforce
Fox 9: MN wage increases released for those who stayed at same job: Report
Economic development
Alexandria Echo Press: After years of delays, revived taconite mine offers new economic hope on Minnesota’s Iron Range
Agriculture
Minnesota Reformer: Latest 2024 farm income forecast shows overall decrease from 2023