Minnesota’s Economic News — W/E 9/30/22

State and local taxes and spending

CBS News: Minnesota not collecting as much tax revenue as it could on newly legal THC edibles

West Central Tribune: City of Willmar proposing a nearly $2 million levy increase for 2023

The Timberjay: County board approves 4.39 percent preliminary levy hike

Park Rapids Enterprise: Hubbard County sets 19% levy increase, capturing 10% from Line 3 tax capacity

Duluth News Tribune: Duluth Council to consider how to spend more than $13 million in tourism tax collections

Alexandria Echo Press: Alexandria proposes 5.77% tax levy increase next year

Waseca County News: Cities around the county send in preliminary tax levies

Duluth News Tribune: Duluth City Council approves up to 8.9% city levy hike

Pioneer Press: St. Paul homeowners face 15% tax increases as values outpace other property types

Star Tribune: Proposed 15% property tax hike in St. Paul draws ire

The Timberjay: School tax levy to drop in 2023

Grand Rapids Herald Review: Vote yes on county sales tax

Winona Post: Local tax hikes are unsustainable

St. Peter Herald: With values rising, most St. Peter property owners likely to pay more taxes in 2023

Labor market

Finance & Commerce: Minnesota construction companies retaining workers in volatile labor market

Star Tribune: Gap in ‘real’ pay between ‘stayers’ and ‘switchers’ grows in Minnesota

Red Lake Nation News: New DEED Research Reveals Most Minnesota Workers who Recently Switched Employers Saw Real Wage Gains

Economic growth

KSTP: Minnesota economic experts discuss ‘Bear Market’ as stocks dip

Economic development

KTTC: Rochester Area Economic Development to offer business development services to entrepreneurs

KEYC: Tour of Manufacturing highlights industry in southern Minnesota