Minnesota’s Economic News — W/E 10/20/23

State and local taxes and spending

Spokesman-Recorder: New sales tax increase funds transportation, housing

Rochester Post Bulletin: Letter: Rochester, RPS referenda are excessive tax asks

Rochester Post Bulletin: Letter: Benefits outweigh financial impact of tech tax levy

MPR News: Minnesota budget surplus jumps another $820M in new estimate

NFIB: Minnesota’s Revenue Collection Exceeds Expectations – Again

Pioneer Press: State of Minnesota says budget still running big surplus, 50% larger than projected

WCCO: Minnesota begins collecting new taxes on THC products, revenues poised to grow

KAAL TV: Minnesota on track for a bigger surplus than expected

Star Tribune: Minnesota’s budget surplus tops $2 billion in latest estimate

KSTP: Minnesota budget surplus grows again, now estimated at $2.4 billion

Economic growth

Star Tribune: Twin Cities inflation is still lower than U.S.: Here are 5 things to know

Labor market

Albert Lea Tribune: Minnesota employers add 8,000 jobs in September; labor force grows for 7th straight month

MPR News: Minnesota unemployment rate unchanged at 3.1 percent in September

Star Tribune: Minnesota added 8,000 jobs in September, another surge in an already tight labor market

KTTC: Minnesota’s labor force grows for 7th month in a row

Finance & Commerce: DEED: Minnesota beats U.S. in construction job growth