Minnesota’s Economic News — W/E 8/25/23

State and local taxes and spending

Kittson County Enterprise: Governor Walz Announces Payments of up to $1,300 Will Begin This Week

Minn Post: Downtowns, including St. Paul and Minneapolis, turning to TIF to reverse fortunes post-COVID

KIMT 3: Albert Lea City Council approves tax-increment financing for downtown properties

Pioneer Press: Mayor Carter wants a new sales tax to rebuild St. Paul’s roads. How much do we already spend on roads, anyway?

Duluth News Tribune: Duluth mayor says plan would lead to lower taxes

Northern News Now: Duluth mayor unveils 2024 city budget proposal

Rochester Post Bulletin: 7 things to know about Rochester’s recommended $575.4 million city budget

Star Tribune: Duluth Mayor Emily Larson proposes ‘good news’ budget with influx of state money

KROC: Rochester’s Proposed 2024 Budget Includes Property Tax Levy Hike

WCCO: Minnesota rakes in $600,000 in first month of THC tax 

Star Tribune: First month of Minnesota’s cannabis tax nets the state nearly $600K

MPR News: THC gummy money starts to roll into Minnesota tax coffers

Minn Post: Do first cannabis tax collections understate the size of the hemp-derived edibles business?

KSTP: Ramsey County’s proposed budget includes 6.75% property tax increase for 2024

Labor market

Fergus Now: Minnesota unemployment rate ticks up as national rate drops slightly

KFGO: Minnesota unemployment rate up slightly in July

Pioneer Press: Minnesota’s labor force grows in July, even as job data change is minimal

KEYC: Mankato job growth continues to increase

Mankato Free Press: Area still experiencing hiring bottleneck

Star Tribune: Black unemployment rate falls to record low in Minnesota, but do numbers tell the whole story?

Economic growth

Minneapolis/St. Paul Business Journal: Rethinking skills, jobs and what can be done to drive family-sustaining wages in Minnesota

Finance & Commerce: Report shows construction material prices moderating, labor costs up

WJON: Wright/Sherburne counties fastest growing in MN


KSTP: Minneapolis rideshare drivers react to council’s approval of minimum wage ordinance

The Center Square: Minneapolis city council passes rule; ride-share company ‘determining’ future

Minn Post: ‘I will keep fighting for this’: State licensure is a challenge for many internationally trained mental health professionals

WCCO: Minneapolis Mayor Jacob Frey vetoes rideshare minimum wage measure

Sahan Journal: Mayor Frey vetoes Minneapolis rideshare ordinance, announces changes for Uber drivers

KSTP: Frey vetoes Minneapolis rideshare ordinance, announces commitment from Uber

Minnesota Reformer: Minneapolis mayor vetoes minimum wage ordinance for Uber and Lyft drivers

Marshall Independent: Minneapolis mayor vetoes measure for minimum wage to Uber and Lyft drivers

WCCO: Minnesota’s minimum wage rates will increase to adjust for inflation on Jan. 1, 2024

KTTC: Minnesota minimum-wage rates to be adjusted for inflation

KSTP: State announces minimum wage rate increases for 2024

WDIO: Minnesota announces upcoming minimum wage increase in response to rise in inflation

KFGO: Minnesota minimum wage rates to be adjusted for inflation

WJON: Minnesota sets minimum wage increases for 2024

KROC: Minnesota Minimum Wage Hike Set to Start in 2024 

The Center Square: Uber: Minneapolis drivers get minimum wage, $5 minimum after Frey veto

Fox 9: Minnesota’s minimum wage increasing due to inflation adjustments

KNSI: Minimum Wage Increasing Next Year

KROC: Uber: Minneapolis Drivers Get Minimum Wage, $5 Minimum