Minnesota’s Economic News — W/E 3/3/22

State and local taxes and spending

The Center Square: Minnesota is in the top 10 for marginal state individual income tax rate

CBS News: Minnesota officials set to release new budget forecast Monday: What does that number tell us?

Mankato Free Press: Minnesota’s families need paid leave

Axios: An even bigger surplus? Minnesota economists to update budget forecast

St. Cloud Times: Minnesota Democrats might spend big in bid to fix a struggling child care industry

MPR News: Minnesota’s big budget surplus stable at $17.5B in new forecast

Kare 11: Minnesota surplus holds steady as budget picture improves

CBS News: Minnesota’s $17.5 billion budget surplus remains largely unchanged from previous estimates

U.S. News: Minnesota Surplus Holds Steady; Sets Stage for Budget Debate

Axios: Minnesota budget surplus updated to $17.5 billion

Pioneer Press: Rebates and spending remain priorities as MN budget surplus holds at $17.5 billion

Detroit Lakes Online: Minnesota budget surplus stable at $17.5 billion

KNSI: Projected State Budget Surplus Hovers Near Record

Star Tribune: Minnesota’s staggering surplus stays mostly unchanged at $17.5 billion

Fox News: Minnesota’s forecasted budget surplus is at $17.5 billion, represents improvement in state’s fiscal picture

WDIO: Minnesota surplus holds steady; sets stage for budget debate

Wahepton Daily News: Minnesota budget surplus remains stable, economy continues growth

Duluth News Tribune: Our View: Minnesota taxpayers clutching their wallets this legislative session

Fox News: Minnesota Republicans propose $13B tax cut

MPR News: Multiple Minnesota tax rebate plans on the table, but path is murky

Kare 11: GOP unveils $13B ‘Give it Back’ tax relief plan

Pioneer Press: Minnesota GOP pitches tax rebate checks, Social Security tax cut

Minnesota Reformer: GOP legislators propose cutting state taxes on Social Security, income

KROC: Minnesota Republicans Roll Out $13 Billion Tax Relief Plan

Axios: The surplus is set: Here’s what it means for Minnesota’s budget

KSTP: Republicans in Minnesota Legislature present tax relief plan

Star Tribune: Minnesota GOP legislators propose tax plan that includes rebate checks they once criticized

KTOE: Republicans at MN Legislature to roll out “Give it Back” tax relief plan

WIZM: Minnesota $17.6 billion surplus holds steady; sets stage for budget debate

Finance & Commerce: Minnesota surplus holds steady; sets stage for budget debate

CBS News: GOP announces “give it back” tax relief plan after surplus forecast

Eden Prairie Local News: Minnesota’s budget surplus grew to $19 billion, but new law requires accounting for inflation

Star Tribune: Minnesota’s fiscal outlook: stable, but use caution

Minn Post: What’s one of Minnesota’s biggest sources of revenue? The federal government of course

Finance & Commerce: Minnesota GOP lawmakers roll out tax cut plan

Pioneer Press: MN Legislature begins weighing billions in tax-related requests from Gov. Walz

Knox Radio: MN Republicans unveil tax cut plan

WXOW: Minnesota GOP minority lawmakers roll out $13B tax cut plan

KTOE: Walz, Republicans cross swords over eliminating state tax on Social Security benefits

Labor market

Minnesota Reformer: Here’s what we mean by prevailing wages, and why it’s so important

Pine Journal: Amid worker shortage, Cloquet businesses struggle to find experienced applicants

Economic growth

Pioneer Press: MN analysts: Recession still expected, but milder than previously projected