Minnesota’s Economic News — W/E 6/5/26

State and local taxes and spending

Mankato Free Press: A gas tax holiday is good politics but bad economics

Bloomberg Tax: Minnesota Conforms to Federal OBBBA With Exceptions

KROC: Rochester Sales Tax and DMC Funding Requested For UMR Project 

Duluth News Tribune: Small businesses to see relief with revival of pass-through tax election

Pioneer Press: MN lawmakers cut tab fees for 2027. How much will drivers save?

Star Tribune: Minneapolis police overtime is dragging down the entire city budget

KSTP: Minnesota volunteer firefighter shortage could raise your taxes

Duluth News Tribune: Overheard: ‘Businesses growing in Duluth … lowers property taxes for everyone’

MPR News: Minnesota lawmakers reject all local sales tax requests, leaving local projects in limbo

Agriculture

KFGO: Minnesota led U.S. in 2026 Q1 farm bankruptcies

Minnesota Reformer: Farm Bill should protect Minnesota farmers, not change the rules to advantage Big Ag

MinneapoliMedia: Minnesota Leads Nation in Farm Bankruptcies as Economic Pressures Intensify Across Agricultural Sector

Star Tribune: Counterpoint: Minnesota’s agricultural diversity is a strength, not a weakness

Economic growth

Minnesota Reformer: Study: Operation Metro Surge cost Minnesota an estimated 4,600 hospitality jobs in 3 months

Twin Cities Business: Report: ICE Surge Likely Cost Minnesota 4,600 Hospitality Jobs, $71M in Wages

Star Tribune: Enterprise Minnesota CEO’s road trip revealed pain points for state’s factories

WJON: Rising Food Prices Expected In Minnesota Within 90 Days 

Bring Me the News: New study claims Operation Metro Surge cost 4,600 hospitality jobs, $71M in lost wages

Labor market

KSTP: Teens face tougher summer job market this year

MPR News: Analysis: More than 4,000 leisure, hospitality jobs lost during first three months of 2026

Mankato Free Press: Competitive summer job market for teens

Economic development

Faribault Daily News: Workforce development: The workforce challenge has changed