Minnesota’s Economic News — W/E 1/20/22

State and local taxes and spending

Kare 11: Tax conformity bill delivers tax cuts

Kare 11: New MN tax bill and its impact

KIMT 3: Some Minnesota DFL lawmakers express interest in eliminating tax on social security income

KTOE: Walz signs first bill of 2023 session, conforming MN tax code to federal changes

Pioneer Press: Give it back, spend it, or both? What will MN lawmakers do with $17.6B surplus?

Pioneer Press: We asked Minnesota leaders if they’ll return some of the $17.6 billion surplus. Here’s what they said

Star Tribune: Supporters push to revive tax credit for Minnesota’s historic buildings

KAAL TV: Bill to eliminate social security tax back on the table

Sun Post: Rest helps lead tax bill bringing state’s taxes into conformity with federal law

KROC: New Report Points to Potential For Even Larger MN Budget Surplus

Fox 9: ‘It will happen this year’: DFL to move ahead with paid leave, new tax

CBS: Gov. Walz announces $12 billion package meant to make Minnesota the “best state for kids”

Owatonna People’s Press: Derek Delaney: Minnesota taxation and the 17.6 billion-dollar surplus

Fox 9: Walz proposes more family tax credits: Here’s how much you’d get

Duluth News Tribune: Walz proposes billions in child tax credits, education spending, creation of new agency

KTTC: Gov. Walz announces budget to make MN the best state for kids

KSTP: Senate committee passes paid family and medical leave bill

Star Tribune: ‘Tax conformity’ benefits taxpayers

Pioneer Press: MN Gov. Tim Walz says $4.1 billion in new spending would boost state economy

Labor market

Wahepton Daily News: Economic officials find Minnesota’s wage gaps better than entire nation

St. Cloud Times: Dziedzic, DFLers want to ‘ban the box’ for Minnesota boards and commissions

WJON: Employers expect steady work, more pay in 2023

Twin Cities Business: Minnesota’s Unemployment Rate Hit 2.5% in December

Star Tribune: Minnesota’s job growth streak came to an end in December

Duluth News Tribune: Minnesota lost jobs in December after 14 months of growth

Kare 11: Minnesota unemployment ticks up as state loses jobs in December

KSTP: Walz announces part of budget proposal focusing on climate, economy

Fox 21: Minnesota’s Unemployment Rate Increased To 2.5%, Remains Near An All-Time Low

Economic growth

Red Lake Nation News: Minnesota Manufacturers Expect Mostly Unchanged Conditions in 2023