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Recently on our blog…- Tax debate ends with one bill signed, one pocket veto May 14, 2012 Nan Madden
- A few pieces from vetoed tax bill find a home in House File 2690 May 9, 2012 Nan Madden
- Scaled-back tax bill still raises unanswered questions about the future May 9, 2012 Nan Madden
- Tax cuts are a risky way to try to stimulate state’s economy May 4, 2012 Nan Madden
- Tax conference committee avoids cuts to renters’ property tax refunds, passes tax bill April 30, 2012 Nan Madden
Category Archives: Economy
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
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 balanced approach, Economy, Give to the Max Day
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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
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
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 corporate income taxes, deficit, economic forecast, economic update, GD, individual income taxes, national economy, revenues, sales taxes, state budget, state economy, state taxes
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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 American Jobs Act, Economic Growth, Economy, Federal Budget, jobs, Minnesota Jobs, Taxes
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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 American Community Survey, American Indian, Asian, blacks, Census, inequality, Latino, median household income, Poverty, racial disparities
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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 Census, current population survey, health insurance, median income, minnesota, Poverty, uninsured
2 Comments
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
Unemployment rate is high, but still underestimates the challenges facing many Americans
As we approach Labor Day, it is sobering to remember that the national unemployment rate stands at 9.1 percent. For comparison, during the last two recessions, the rate never rose above 7.8 percent. Experts are predicting that unemployment will remain above eight percent for five … Continue reading
Posted in Economy
Tagged Economic Policy Institute, job vacancy survey, jobs, jobs deficit, minority unemployment, underemployment, unemployment
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