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.