Minnesota’s Economic News — W/E 3/17/22
State and local taxes and spending
Duluth News Tribune: Minnesota House mulls proposals to eliminate, reduce Social Security tax
Kare 11: House panel weighs Social Security tax break
KTTC: Minnesota’s new bonding bill passed the house with ease, the Senate could be a different story
Fox News: Why Minnesota is among the few states taxing Social Security income
MPR News: Tax cuts likely in Minnesota session but who benefits still unknown
Hometown Source: State’s surplus holds steady
Waseca County News: It’s time for tax relief
CBS News: St. Paul Mayor Melvin Carter proposes 1% pothole tax
Faribault Daily News: Tax cuts for wealthy won’t help seniors
KSTP: Senator Miller introduces ‘Minnesota Refund Program’
Faribault Daily News: Republicans have alternative plans for taxes, education, public safety
Duluth News Tribune: Our View: Seize chance, St. Paul, to compromise, work together
KFGO: Minnesota Senate to consider $1.5B bonding bill passed by House
Duluth News Tribune: Minnesota Senate Republicans block $1.5 billion infrastructure borrowing bill, ask for action on taxes first
KSTP: Senate Republicans reject $1.5B bonding bill
Pioneer Press: MN Senate fails to pass $1.9 billion infrastructure package
KTTC: Governor Walz unveils revised ‘One Minnesota’ budget
WDIO: Revised One Minnesota Budget nearly doubles funding for public safety
CBS News: Walz, Flanagan revised budget nearly doubles funding for public safety plan
Star Tribune: Minnesota Gov. Tim Walz boosts money for local government in revised budget plan
MPR News: Revised Walz budget seeks lead pipe fixes, EV tax credit
Bemidji Pioneer: Walz calls for $1.2 billion more spending in revised budget
KNSI: Governor Walz Releases Revised Budget
Star Tribune: Minnesota may boost film tax credit 400% in hope of attracting production
Labor market
Hometown Focus: State posts robust January job growth signaling strong 2023 start
Star Tribune: In historic shift, Minnesota pushes to abolish subminimum wages for people with disabilities
KRWC: New Report Shows Sizable Job Growth in January
The Center Square: Minnesota has nation’s 10th largest increase in unemployment claims
KTOE: MN Unemployment Claims Up
Economic growth
Kare 11: Expert: Minnesota more insulated from regional bank concerns
KSTP: Minnesota economist: Instability in regional banks ‘unlikely’ to come here
Star Tribune: New report shows stark economic inequalities among Minnesota’s cultural groups
Minnesota Reformer: Data from past decade shows Minnesota’s economy is productive, diverse and innovative
Trade
Red River Farm Network: Minnesota Sets Export Record
Star Tribune: Minnesota’s export record shows the value of trade
Regulation
Star Tribune: Minnesota had set a price floor for dairy products. A new bill could remove it
Star Tribune: Counterpoint: Some with disabilities would be harmed by minimum-wage changes proposed in Minnesota