Do first cannabis tax collections understate the size of the hemp-derived edibles business?
In the first month, the 10% sales tax brought in $594,461 from 571 businesses. That means total sales were $5.94 million.
Economy
Is Minnesota among the most expensive states for child care?
Yes. Minnesota is ranked fourth for day care costs, following the District of Columbia, Massachusetts and California, according to the Economic Policy Institute.
Resistance to buyers with government-backed mortgages could be contributing to Minnesota’s racial homeowner gap
It’s “redlining that should be outlawed.”
Has Iowa’s unemployment rate been lower than Minnesota’s so far in 2023?
Yes. Iowa’s unemployment rate has averaged lower than Minnesota’s between January and June 2023, but just slightly — by less than one-tenth of one percent.
University of Minnesota grapples with reparation demands from tribes who say they were victims of land grabs
Minnesota’s 11 tribes are among those seeking compensation for the land that is now a great part of the University of Minnesota’s holdings.
Is Wisconsin’s income tax rate highest in the Midwest for residents with the highest incomes?
No. Among Midwestern states, Minnesota has the highest income tax rate in the highest-income tax bracket — 9.85% for an individual with annual income over $183,340.
Why Minnesota is unlikely to meet its broadband expansion goals on time, despite influx of federal cash
When calculating who has access to proper broadband, the federal government counts much slower internet speeds compared to Minnesota’s definition. As a result, the cash may be enough to hit federal goals for universal broadband, but not state ones.
Error in tax bill would cost Minnesota taxpayers $352 million, but leaders vow to fix it in time
A few sentences contained in the 380-page tax bill passed by the Legislature would mean higher tax bills for 76% of Minnesota taxpayers.
Did businesses receive more than $70,000 in PPP loan forgiveness on average?
Yes. Eligible businesses received an average of $72,100 in PPP loan forgiveness, according to the latest government data.
As planners contemplate light rail through north Minneapolis, who will pay to help residents and businesses stay?
A Metro Transit route for the Blue Line light rail extension project hasn’t been finalized, but residents and businesses are concerned it could displace people in an economically vulnerable area.
Bakers and brewers barter for rhubarb, treating Minnesota to summer flavors
The tart, resilient northern vegetable is an in-demand ingredient for drinks and desserts this time of year.
Minnesota lawmakers say they’re mulling over debt limit deal, but most, if not all, expected to support it
All Minnesota lawmakers present are likely to support the package when it comes for a vote on the House floor Wednesday afternoon.
With pandemic program at an end, many Minnesotans will have to find work to keep food stamp benefits
And House Republicans are seeking to broaden those requirements as one of their conditions for raising the nation’s debt ceiling.
Three years after George Floyd civil unrest, state offers $120 million for rebuilding businesses. Is it enough?
It was the second-costliest civil uprising in U.S. history, and there’s still a backlog of unfinished redevelopment projects.
Details on Minnesota $2.6 billion bonding, infrastructure package came late. Here they are
DFL legislators have thrown around the word “historic” for quite a lot of their bills this year. But two infrastructure bills definitely were.
‘Transformational’ and also ‘bonkers:’ Minnesota Legislature ends its session of historic spending, policy changes
DFL Gov. Tim Walz called it “the most successful legislative session, certainly in many of our lifetimes and maybe in Minnesota history.”
Fate of Stauber’s mine permitting bill rests on debt limit talks
The PERMIT-MN bill would set limits on time for environmental reviews and otherwise streamline the federal permitting process.
GILTI pleasure? DFL tax plan opts for new business taxes that could be less problematic than worldwide combined reporting
Worldwide combined reporting would have required corporations with foreign subsidiaries who owe income taxes to the state to include earnings of overseas subsidiaries.
Dean Phillips would vote to save McCarthy’s speakership if the Speaker exercises ‘courage’ in debt limit negotiations
Phillips has been leading conversations within the Democratic caucus over the debt ceiling, which must be raised as soon as June 1 to avoid a national default that would have a severe impact on the economy.
Klobuchar promotes U.S.-Canada relations, with Minnesota in mind
Minnesota’s senior senator said she helped promote the U.S.-Mexico-Canada Agreement, which in 2020 replaced the North American Free Trade Agreement, after Canada balked at several provisions.
