Minnesota’s Economic News — W/E 1/10/25
Labor market Minnesota Reformer: Minnesota minimum wage rises to $11.13 per hour — and other labor news Star Tribune: Minnesota H-1B workers nearly double in decade as businesses rely on…
Labor market Minnesota Reformer: Minnesota minimum wage rises to $11.13 per hour — and other labor news Star Tribune: Minnesota H-1B workers nearly double in decade as businesses rely on…
To deal with congestion in its streets, New York implemented congestion pricing. According to the Associated Press, beginning last Sunday, January 5, drivers have been paying: $9 to enter Manhattan…
We at Center of the American Experiment have long warned of looming budget squeezes in Minneapolis and St. Paul as a result of collapsing commercial property values. Simply put, declining…
State and local taxes and spending The Neighbor: Minnesota Homeowners Pay a Median $3,321 in Property Taxes Each Year Detroit Lakes Online: Becker County hikes levy, but its tax rate…
What a second Trump term could mean for the U.S. economy. In his victory speech on Nov. 6, 2024, Pres.-elect Donald Trump strongly declared, “I will not rest until we…
State and local taxes and spending Moose Lake Star Gazette: Action needed to avert looming state shortfall Star Tribune: St. Paul schools to raise property tax levy by 7.9% in…
State and local taxes and spending The Ely Echo: State budget issues loom Pioneer Press: Letters: We need more data to know if TIF is working for St. Paul The…
Last week, the Bureau of Labor Statistics (BLS) released its numbers for inflation in November. They showed that “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a…
State and local taxes and spending Star Tribune: Minneapolis council, Mayor Frey seek lower property tax hike as budget talks begin MPR News: Minneapolis City Council’s budget committee reduces proposed…
Some good news: the Minneapolis City Council failed to override Mayor Frey’s veto on creating a Labor Standards Board, which “would recommend pay, safety and equity regulations for employers” in…
State and local taxes and spending Pioneer Press: St. Paul ‘Truth in Taxation’ hearing scheduled Monday, but Carter and council still $6 million apart Pine and Lakes Echo Journal: Letter…
State and local taxes and spending Star Tribune: Minneapolis property taxes are going up, but not as fast as most major U.S. cities since 2019 Grand Rapids Herald Review: Housing…
Some recent headlines in the local media read: Those business leaders are correct. The proposed tariffs would harm Minnesota’s economy. The precise details of the proposed tariffs are somewhat fluid,…
State and local taxes and spending Fox 9: Property tax increases give Minnesota homeowners sticker shock Axios: Minnesota homeowners brace for property tax sticker shock Kare 11: Property Tax Sticker…
State and local taxes and spending Star Tribune: Economy worries reflected in MN school referendum results The Ely Echo: School levy gets voter OK Star Tribune: How would a divided…
I’ve written several times about the state’s demographic death spiral: the declining birth rate coupled with consistent net outmigration. This trend has continued for years, unchecked. For some reason, the…
State and local taxes and spending KIMT 3: Amid several operating tax levies, one SE Minnesota school district looks to lower taxes WJON: Stearns County Makes Final Push on Justice…
State and local taxes and spending Detroit Lakes Online: Detroit Lakes school district’s proposed property tax levy is just under $10 million Fox News: ‘Bad policy’: Minnesota lawmaker says Walz…
Childcare is expensive all over the country, but parents in Minnesota have it especially hard. According to data from Childcare Aware, for example, daycare for infants cost 21 percent of…
State and local taxes and spending USA Today: Opinion: ‘Knucklehead’ Tim Walz stinks at grammar. He also gets an ‘F’ in state governance Minn Post: Why is most of the…
On Tuesday, I wrote that: The Bureau of Labor Statistics’ (BLS) Establishment survey, which is part of its Current Employment Statistics (CES) survey, shows an increase of 6,300 in the Total Nonfarm jobs from…
Gov. Walz is fond of touting rankings that show Minnesota being a top state for business. The trouble is that, once you look at data rather than the rankings, businesses…
Last week I wrote about new Census Bureau data which show that Minnesota lost 8,700 residents net in 2023. To put that in context, as Figure 1 shows, Minnesota’s net…
Last week, Minnesota’s media reported: KEYC: DEED: Minnesota adds 6300 jobs in September KNSI: Minnesota Sees Job Gains, Strong Wage Growth in September Star Tribune: Minnesota hoping to reverse manufacturing job losses after…