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

KSTP: KSTP/SurveyUSA poll: Minnesotans support paid family leave, bigger rebates, eliminating Social Security tax

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


MPR News: Ag exports critical to Minnesota in a changing world