Minnesota’s Economic News – W/E 7/16/21

State and local taxes and spending

Star Tribune: St. Cloud will use federal relief to offset lost revenue

KNSI: Minnesota to Finish Fiscal Year 2021 Stronger Than Expected

Pioneer Press: Minnesota ends fiscal year with $2.7 billion more than projected

Minn Post: Minnesota lawmakers approved cash bonuses for essential workers. Now they just need to figure out who’s going to get the money

KPVI: Minnesota reports $26.5 billion in general fund receipts

St. Cloud Times: Budget breakdown: Why was the state historic tax credit renewed for 1 year? What does it do?

Owatonna People’s Press: Still rolling in it: Latest report show Minn. tax revenues continuing to surpass projections

Labor market

Star Tribune: Minnesota to phase out unequal pay jobs for people with disabilities

Southernminn.com: This is the Outlook for the Unemployed in Minnesota

Pine Journal: Minnesota unemployment rate flat at 4% over the month

WCCO: Unemployment In Minnesota Remained At 4% In June; Job Losses Recorded For 1st Time This Year

Minn Post: Minnesota lost 600 jobs in June

Mankato Free Press: Mankato area job numbers grew 5.6% in June year over year

Pioneer Press: Minnesota lost 600 jobs in June, first decline since 2020

Economic development

Star Tribune: Minnesota, we have a problem

KIMT 3: SE Minnesota getting $300,000 to assist disadvantaged small business owners

Economic growth

Grand Forks Herald: According to new survey, businesses in Minnesota expect continued economic recovery over the next year

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