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
Regulation
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
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