Minnesota’s Economic News — W/E 1/24/25
State and local taxes and spending
Minn Post: How Walz’s proposed ‘tax cut’ would actually raise $108 million a year to help state budget
Pioneer Press: Gov. Tim Walz recommends changes to Minnesota sales tax, cuts for disability services in upcoming budget
KDHL: MN Revenues Top Forecast by $380M Amid Slower Economic Outlook
Des Moines Register: Kim Reynolds, Tim Walz offer contrasting fiscal paths. Let’s follow Iowa’s
Country Messenger: Dump the property tax rebate gimmick
Star Tribune: Ramstad: Walz tries to slow runaway spending, moving to political middle
MPR News: House Republicans seek to roll back DFL taxes, fees tied to transportation programs
Sun Post: Rest comments on plan to lower taxes
Economic growth
Duluth News Tribune: Manufacturers express ‘fear of recession’ in statewide survey
Agriculture
St. Cloud Live: Putnam: Legislative session will have less chaos for Minnesota agriculture
Times West Virginian: Farmers brace for new Trump tariffs
Economic development
Grand Rapids Herald Review: SBA loans strengthen Minnesota small businesses and 19,200 jobs with over $849 million during FY24
Star Tribune: Don’t claw back progress: The stakes for Minnesota in rolling back clean energy infrastructure aid
Labor market
Mankato Free Press: Local job numbers up 3.3% in December
Pioneer Press: Minnesota adds 4,100 jobs in December; 37,500 in 2024
Red Lake Nation News: Minnesota Jobs and Labor Force Grow Again in December
KIMT 3: Minnesota ended 2024 with more strong job growth
KNSI: Minnesota Adds Over 4,000 Jobs in December
KAAL TV: Minnesota jobs grow again in December
Star Tribune: Minnesota’s labor shortage eased in 2024 but is far from resolved