Minnesota’s Economic News — W/E 8/18/23
State and local taxes and spending
Bring Me the News: Here’s a look at St. Paul Mayor Melvin Carter’s 2024 budget proposal
KROC: Minnesota Starts Fiscal Year With Higher Than Predicted Revenues
Star Tribune: Frey proposes $1.8 billion budget for Minneapolis in 2024: ‘Change isn’t cheap’
MPR News: Late-summer stimulus: Minnesota tax rebates begin arriving
WCCO: Tax rebate payments could hit Minnesotans’ accounts this week
Bring Me the News: Minnesotans to start receiving tax rebate checks of up to $1,300 this week
The Center Square: Walz: up to $1,300 tax rebates for Minnesotans start this week
KROX: One-time tax rebate checks going out to Minnesotan’s this week
KDUZ: Minnesota tax rebate checks on the way
KVRR: Rebates are landing in the bank accounts of Minnesota taxpayers
KIMT 3: Minnesota tax rebate checks coming
Star Tribune: Government jobs grew this year in Minnesota after post-pandemic lag
Economic growth
Minn Post: D.C. Memo: Latest inflation news good, especially in Twin Cities
KIMT 3: Minnesota small businesses thrive in these counties
South West Media: Letters: Moving out of Minnesota
Federal Reserve Bank of Minneapolis: Waning housing affordability imperils economic growth in Minnesota
Minneapolis/St. Paul Business Journal: Minnesota has 81 fast-growing companies on this year’s Inc. 5000
Pioneer Press: About Minnesota in those top states for business rankings…
Regulation
Minnesota Reformer: Lyft and Uber threaten to cut service in Minneapolis over proposed minimum wage
Sahan Journal: Uber, Lyft threaten to pull out of Minneapolis if council approves proposed ordinance
WCCO: Uber, Lyft threaten to end service in Minneapolis if city boosts rideshare driver pay
MPR News: Lyft, Uber say they’ll stop rideshares if Minneapolis passes ordinance
Kare 11: Lyft says service could end in Minneapolis on Jan. 1 if city council passes rideshare ordinance
WCCO: Minneapolis City Council passes ordinance for minimum wage for rideshare drivers
Minnesota Reformer: Minneapolis council passes minimum pay for Uber and Lyft drivers despite companies’ threats
MPR News: Minneapolis approves measure to boost pay for Uber, Lyft drivers
Labor market
KSTP: Data shows 3,900 jobs added in Minnesota during month of July
Finance & Commerce: State loses 400 jobs in July, though labor force grows
KTTC: Latest MN employment numbers show 5th straight month of labor force growth
KNSI: State Unemployment Rate Ticks Up to 3% in July
Minneapolis/St Paul Business Journal: Minnesota continued streak of labor force gains in July
Mankato Free Press: Local jobs up 6.9% in July year over year