Minnesota’s Economic News — W/E 12/8/23

State and local taxes and spending

Duluth News Tribune: Councilor’s View: Land-value tax could mean fairer taxation for Duluth

Park Rapids Enterprise: Park Rapids cuts levy from 33% increase to 17%

Star Tribune: Minnesotans can help affordable housing — and get a tax credit

Rochester Post Bulletin: 7 things to know as Rochester council readies budget and tax hearing

Minnesota Reformer: Twin Cities metro sends money to rural counties

Rochester Post Bulletin: Rochester council approves $579.1 million budget, with $101.5 million tax levy

Mankato Free Press: North Mankato tax levy will be up 13% next year

The Center Square: Op-Ed: Iowa vs. Minnesota – The future of state fiscal policy

KROC: Rochester approves tax levy increase, 2024 budget

Inforum: Letter: Minnesota’s Paid Family and Medical Leave program in need of overhaul

Minn Post: Poll: Minnesotans wanted more tax cuts from record surplus but are divided over divided government

MPR News: Minnesota leaders to unveil budget forecast, setting stage for Capitol talks

MPR News: Feds to take bite of Minnesota tax rebates under ‘disappointing’ new determination

WCCO: Minnesota’s one-time tax rebate will be federally taxed, Gov. Walz says he’s “deeply disappointed”

KFGO: IRS to tax Minnesota tax rebate checks

KSTP: Minnesota’s rebate checks will be taxed federally, IRS decides

WIZM: Budget surplus rebate checks will be taxed federally, in what Minnesota Gov. Walz calls “Bull(bleep)”

Minn Post: Minnesota rebate checks will be taxed federally after all

Fox 9: Minnesota budget surplus forecast at $2.4 billion heading into 2024

Axios: Minnesota budget forecast casts doubt on future surplus

KTTC: Minnesota sees budget surplus through 2025 followed by deficit

The Center Square: Minnesota projects $2.4B surplus for fiscal year 2024-25 but trouble after

WCCO: Minnesota has a $2.4 billion surplus, but a deficit could be looming, state budget officials say

Star Tribune: Minnesota projects $2.4 billion budget surplus, but spending it could lead to deficit

KNSI: Minnesota Has A Projected Surplus of $2.4 Billion, But That’s Expected To Disappear

Minn Post: Poll: Economy, inflation still a top concern for Minnesotans, who also say nation is ‘on the wrong track’

Valley News Live: Minnesota’s one-time tax rebate will be federally taxed

KNSI: Governor Calls IRS Tax on Rebate Checks “B.S.” and Expresses Displeasure with U.S. Treasury Department

WDAY: IRS plans to tax Minnesota’s rebate checks

Knox Radio: MN rebates subject to taxes

Minn Post: The difference between ‘deficit’ and ‘structural imbalance’ in Minnesota’s budget picture and why it matters

NFIB: New report: Minnesota Heading Toward Budget Deficit In Two Years

Lakes Area Radio: Minnesota Management and Budget Office says state will see $2.4 billion surplus, but may need additional revenue in coming years to offset budget increase

Finance & Commerce: Minnesota officials warn of trouble ahead despite $2.4B budget surplus

Bring Me the News: Minnesota is projecting a $2.4 billion budget surplus

Star Tribune: Minnesota’s government couldn’t defy the state’s economic reality forever


Minnesota Reformer: DFL lawmakers to introduce cap on families’ child care costs

Economic growth

Star Tribune: Minnesota’s economy is still growing, but lags the U.S. as a whole