Note to county commissioners and other local officials with taxing authority. It doesn’t help your constituents feel any less pain over their property tax bills being finalized this month by…
The battle over St. Paul’s budget is coming to a climax. KSTP reports: Nearly 200 people filled St. Paul City Council chambers on Monday night to express concern and some…
Back in May, I wrote an article titled “Property tax battles could be coming to St. Paul.” Simply put, tanking commercial property values have lowered commercial property tax payments and…
Vice Presidential candidate JD Vance visited Minneapolis yesterday. Standing outside the ruins of the Third Precinct, he painted an unflattering picture of our state’s biggest city, suggesting that it was…
I’ve written a few times recently about the looming budget problems in Minneapolis and St. Paul resulting from the collapse in commercial real estate prices. These prices are down, for…
Last week, the Minneapolis/St. Paul Business Journal reported: Two downtown Minneapolis office towers have sold in a deal representing one of the core’s steepest discounts in recent history. The 634,000-square-foot…
Minneapolis… This week, I’ve written about property tax hikes coming to Minneapolis. Sure enough, as the Star Tribune reports, on Wednesday Mayor Frey announced: …a $1.88 billion budget and an…
Over the last couple of days, I’ve written about how soaring city spending coming on top of plummeting commercial property values and consequent declines in commercial property tax revenues are going…
Back in May, I wrote an article titled “As council ramps up spending while commercial property values tank, Minneapolis property taxes set to rise.” This is now happening. Council ramps…
Last week, I wrote about the bankruptcy of the Park Square Court building in downtown St. Paul and how it is an omen of looming budget problems in the city.…
In May, I wrote about Madison Equities putting ten of its commercial properties in downtown St. Paul up for sale, including the First National Bank building, the Park Square Court…
Back in April 2023, I started tracking data from the University of Toronto’s School of Cities which was “looking at cell phone activity at points of interest (POI) in the downtowns…
The 2024 legislative session crashed to a conclusion late Sunday night amid scenes of chaos as the DFL rammed through a 2,800 page Omnibus Bill that nobody had read and…
Last week I wrote about the looming budget battle in Minneapolis resulting from an increase in spending at the same time as declining commercial property values were dragging down commercial…
Back in February, I wrote that falling commercial real estate prices are hitting local budgets. That is now biting in Minneapolis. The Star Tribune reports: Minneapolis is staring down a…
A couple of weeks ago I wrote about a new study which found that working from home is here to stay. I concluded by noting that: If this holds for…
A couple of weeks ago I wrote about the ridiculous proposal to impose a tax on unrealized capital gains in Minnesota. If the value of, say, the shares that an…
Residents in St. Paul will face a 14.65 percent property tax hike come 2023. Things could have been worse, however, at least according to the City Council. Initially, the Mayor…
Wind turbines are often sold to rural local governments as a means of bolstering their budgets and allowing them to offer additional services for their residents or offset other taxes.…
Households across Minnesota are being hit with notifications that their property taxes will go up because the value of their property has gone up. To give just one example, the…
After the individual income tax and sales tax revenues, residential property tax revenues make up the third-highest proportion of Minnesota’s total state and local tax revenues. According to the Tax…
Energy policy in Minnesota is a mess. Liberal politicians, profit-seeking, government-approved monopoly utilities like Xcel Energy, and environmental groups are pushing for the closure of Minnesota’s reliable coal-fired power plants,…
Even if your house price has risen by 6%, there is nothing to say your income has too, and it is that cash which you pay property taxes with.
In recent decades, wealth inequality in the United States has risen. One commonly touted solution is a wealth tax. But the story of property taxes in northern Minnesota illustrates the…