Category Archives: Economy

Momentum against constitutional budget amendments is building

It wasn’t too long ago that most Minnesotans had not heard about proposed constitutional budget amendments that the Legislature could take up this session. The amendments would create more government gridlock and budget gimmicks, and remove policymakers’ flexibility to respond … Continue reading

Posted in Budget Process, Constitutional Amendments, Economy, Taxes | Tagged , | Leave a comment

Our Priorities for Minnesota

As the Legislature opens the 2012 session today, the Minnesota Budget Project is out with our policy agenda. We will focus on dangerous constitutional budget amendment proposals and improving health care in Minnesota. We’ll also watch for any new efforts … Continue reading

Posted in Economy, Health Care, Taxes | Tagged , , , , , , | Leave a comment

Support the Minnesota Budget Project on Give to the Max Day

It’s Give to the Max Day, when thousands of Minnesotans say a special thank you to the nonprofits they value. Please add the Minnesota Budget Project to your list of donations today. Your gift will help us continue our work … Continue reading

Posted in Action Opportunity, Economy, Taxes | Tagged , , | Leave a comment

Metro area unemployment hits communities of color hardest, puts state’s long-term growth at risk

Racial disparities in employment are widespread and systemic. It’s true across the country, but it is particularly true for the Twin Cities, where black unemployment hit 21 percent in 2010, more than triple the rate for whites, according to a recent report from … Continue reading

Posted in Economy | Tagged , , | Leave a comment

New studies tell a familiar story: Racial disparities in assets

Two new reports from a national think tank look at financial security and opportunity in Minnesota, and find that Minnesota as a whole does better than the national averages, but worse than national averages when it comes to communities of … Continue reading

Posted in Economy | Tagged , , , , , , , , , | 1 Comment

State revenue and cash flow steady, but economic worries remain

First the good news. The State of Minnesota started out the first quarter of the FY 2012-13 biennium with higher-than-expected revenue. From July through September, the state collected $59 million above estimates, up about two percent from earlier projections, according to the state’s October 2011 … Continue reading

Posted in Economy, Taxes | Tagged , , , , , , , , , , , | Leave a comment

President Obama’s proposed jobs bill would support jobs, economic growth in Minnesota

The American Jobs Act proposed by President Obama could create or support more than 26,000 jobs and inject at least $1.5 billion into Minnesota, according to estimates by the Obama Administration. Those jobs include teachers, police, firefighters, engineers, construction workers and more. … Continue reading

Posted in Economy, Federal Budget, Taxes | Tagged , , , , , , | 1 Comment

Racial disparities grow in Minnesota as poverty increases, household income declines

Earlier this month, we learned the distressing (but not surprising) news that poverty is increasing and median household income is declining in Minnesota. The U.S. Census is out with another report showing even worse news. Minnesota has an unfortunate history of … Continue reading

Posted in Economy, Poverty | Tagged , , , , , , , , , | 2 Comments

Minnesota losing ground on poverty, income and the number of uninsured

It seems oddly appropriate (and a little inconvenient) that I was out of town at a conference on the day the U.S. Census Bureau released the latest statistics on poverty, income and health insurance coverage in the United States. It reminded … Continue reading

Posted in Economy, Health Care, Poverty | Tagged , , , , , , | Leave a comment

State’s revenues on track, but forecast looks grim

The odds are increasing that Minnesota state government will face a new revenue shortfall when the Legislature reconvenes in February. This July, the Governor and Legislature passed a balanced budget for the FY 2012-13 cycle, which runs through June 30, 2013. But a … Continue reading

Posted in Budget Process, Economy | Tagged | Leave a comment