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