The money would propel the state toward its goal of having universal access to high-speed internet by 2026, which might cost $426 million in the next four years, according to one estimate by the state’s broadband task force.
A $17.6 billion surplus means Walz gets to both spend money on new programs and cut taxes. In fact, the fun volume for Walz this year is at levels perhaps never seen before, as past state surpluses have mostly been in the $1 billion range.
Minnesota farmer James Wolf made $46 million selling what he promoted as organic grains to buyers in Pennsylvania and elsewhere. But the FBI says the crops he sold as organic were not.
The debt increased dramatically recently due to the Trump and Biden administrations’ responses to the COVID-19 crisis, which resulted in unprecedented federal spending to try to keep the U.S. economy afloat.
The $10.27 million plan would extend unemployment benefits for laid off Iron Range workers while a Cleveland-Cliffs taconite mine in Babbitt and a processing plant in Silver Bay remain idled.
Chicago has experienced more frequent and severe storms in recent decades, putting immigrants and low income Chicagoans living in basement units at increased risk of flooding.
The revenue from the bill might not even be enough to pay for the regulation, enforcement and economic development efforts contained in the measure.
A lot happened in 2022, including a consequential election. But there was plenty of political drama leading up to it, too.
Rebate checks, Walz Checks, whatever they are called, have more life than ever with DFL control of the State Capitol and a $17.6 billion projected surplus.
Darrel German arrived in the Twin Cities in November 2020, and he’s rapidly made an impact in banking, in the business community, and in the fight for racial justice.
Criticism of repealing the state tax on Social Security benefits comes after several DFLers campaigned in support of the repeal in swing districts that were key to the DFL’s control of state government.
There’s a disconnect between that unfathomable $17.6 billion surplus and the other half of the report. While taxes continue to overperform, the underlying economy – state, national and global – is getting squishier.
That’s a lot for a state that spends about $2.16 billion a month and sets up Gov. Tim Walz and the DFL-controlled Legislature to increase spending and reduce taxes.
Walz said that while he is reluctant to “forecast the forecast” that will be released Tuesday, he said indications are that the state economy remains strong.
A budget surplus, DFL control and high needs leave housing leaders at the State Capitol feeling optimistic.
Dozens of Twin Cities restaurants that closed during the pandemic promised on their websites or social media to reopen. But they haven’t yet.
Agency leaders and advocates are concerned about people’s mental health and are getting ready to ask state lawmakers to help make nonprofit workers’ wages more competitive.
IHS Markit predicts U.S. GDP will decline and unemployment rates will rise. Meanwhile, state economists are working to determine how a recession will affect tax collections.
Providers lost revenue during the pandemic, and while the state distributed grants and funds to help, advocates warn it is not enough to keep providers across the state afloat.