Minnesota’s Economic News – W/E 5/28/21

State and local taxes and spending

The Globe: Column: Budget agreement supports Minnesota families, doesn’t raise taxes

The Center Square: Combined capital gains tax rate in Minnesota to hit 53.3% under Biden plan

Morrison County Record: Deal reached on state budget; special session upcoming

Hutchinson Leader: Legislative leaders, governor cut budget deal, but much work remains

Detroit Lakes Online: Commentary: Budget work goes into overtime

The Center Square: Minnesota nets $1.4B; Walz pushes to spent $70M on childcare, nutrition programs

Fergus Falls Journal: Budget work goes into overtime

Labor market

KNSI: Hiring Increases, Job Recovery Slows in Minnesota

KEYC: DEED: Minnesota gains jobs for fourth straight month

Fox 21: Jobs Recovery Slows, Yet Hiring Picks up in Minnesota

Faribault Daily News: Minnesota’s unemployment rate down to 4.1% in April

KBJR 6: Duluth hotel offering new-hire bonus to attract employees

KPVI: GOP ask Walz to reinstate unemployment work requirements, surrender emergency powers

KNSI: Survey Cites Federal COVID Aid As Main Cause For Worker Shortage

KFGO: Minnesota business group wants to end $300 federal unemployment benefits, offer bonuses

Economic growth

Star Tribune: Number of IPOs in Minnesota ticks up, following national trend

Star Tribune: Hospitality industry needs more than kind words to recover

Economic development

Duluth News Tribune: Statewide View: A more-sustainable future requires more Minnesota mining

John Phelan is an economist at the Center of the American Experiment.