Minnesota’s Economic News — W/E 5/12/22
State and local taxes and spending
AP News: Minnesota Legislature shapes budget bills as deadline looms
WCCO: Businesses raise alarm about 75-cent retail delivery fee proposal at Minnesota Legislature
Morrison County Record: West: Minnesota governments should stop stealing home equity
Star Tribune: Audit finds flaws in Minnesota spending on COVID response
KSTP: Delivery tax gets pushback from array of opponents
Pioneer Press: Minnesota Senate DFLers back away from corporate tax hike
Pioneer Press: John Reynolds: For small employers, current paid-leave proposal is unworkable
MPR News: Paid family leave, ‘last chance’ at bonding bill in Senate today
Minnesota Reformer: The child tax credit would help people who are in helping jobs
Bloomberg Tax: Minnesota Anti-Tax Haven Bill in Doubt After Key Supporter Bails
Star Tribune: Ramstad: The rapid rise and fall of Minnesota’s effort to tax overseas corporate profits
Minnesota Reformer: New quarter-cent metro sales tax for housing assistance likely to pass Legislature
MPR News: Minnesota Senate passes paid family and medical leave program
Lakeland News: Minnesota Senate Approves Paid Family and Medical Leave Plan
Grand Rapids Herald Review: Minnesota legislators clash over family leave bills
KAAL TV: Minnesota Senate approves paid family and medical leave plan
WCCO: MN Senate passes budget bill to fund metro tax hike to benefit affordable housing programs
Minnesota Reformer: A letter from tax policy experts to the tax conference committee about corporate tax reform
Minn Post: Minnesota legislative ‘big, big deal’ spends $1B on affordable housing, adds metro sales tax
MPR News: Minnesota lawmakers approve $1 billion for housing
Star Tribune: Rent aid, homebuyer help, metro sales tax: Five takeaways from Minnesota Legislature’s housing deal
Axios: Minnesota set to exempt baby cribs, strollers from sales tax
Duluth News Tribune: New programs and spending will cost Minnesota billions. Where will ongoing revenue come from?
Minn Post: Minnesota Senate passes paid family and medical leave bill
Bloomberg Tax: Minnesota Eyes Other Taxes After Pulling Back From Worldwide Plan
Fox News: Minnesota poised to hike Twin Cities’ sales tax to fund affordable housing
Kare 11: Twin Cities sales tax hike will fund affordable housing programs, bill awaits Gov. Walz signature
KSTP: Twin Cities sales tax bump will fund affordable housing programs
Star Tribune: Don’t let tax cheats block tax justice in Minnesota
Wall Street Journal: Minnesota Finally Gets Its Due on High Taxes
Isanti-Chisago County Star: About the Town: State taxes are getting out of control
The Center Square: How Much Minnesota Homeowners Pay in Property Taxes
Labor market
Star Tribune: Perfect storm in Minnesota labor market is worrying harbinger for the Fed
KRWC: March Employment Down Locally and in Minnesota
MPR News: New report shows effect of minimum wage increase in Minneapolis and St. Paul
Minn Post: Fed researchers: $15 minimum wage in Minneapolis and St. Paul boosted pay — but cost jobs
Twin Cities Business: Have Teens Returned to the Workforce?
Minneapolis/St. Paul Business Journal: Minnesota’s construction industry gains thousands of jobs since pandemic
Star Tribune: Downside of higher pay? Fewer hours, fewer jobs, Twin Cities minimum wage study says
Economic growth
Finance & Commerce: Fed survey shows mixed economic news for construction
Star Tribune: Anti-business agenda will stifle innovation, opportunity
Kare 11: Rochester businesses worry over economic future amid Mayo, legislature deadlock
Economic development
Alexandria Echo Press: Douglas County ranked 5th best in state for small businesses
KIMT 3: The economic impact of Mayo Clinic’s threats
KAAL TV: Businesses reflect on Mayo Clinic’s impact on local economy
Trade
MPR News: Ag exports critical to Minnesota in a changing world