From Albert Lea to Zumbrota, our state thrives because all Minnesotans — regardless of immigration status — are contributing to… Continue reading Undocumented immigrants contribute $222 million in Minnesota taxes
Tag: economy
State’s October economic update shows higher revenue collections, stronger near-term economic growth
The latest state economic update contains several pieces of good news. Recent state revenues are stronger than anticipated and Minnesota… Continue reading State’s October economic update shows higher revenue collections, stronger near-term economic growth
What are the state budget implications of a potential national recession?
While the state of Minnesota’s revenues have continued to come in better than expected, more serious economic challenges are expected… Continue reading What are the state budget implications of a potential national recession?
Minnesota April Economic Update includes first estimates of impact of Russia invasion of Ukraine
The state of Minnesota’s revenue picture to date is still solid, but the national economic recovery is now expected to… Continue reading Minnesota April Economic Update includes first estimates of impact of Russia invasion of Ukraine
Newest state revenue update affirms substantial resources are available to build an equitable recovery
The state of Minnesota’s revenue picture continues to improve, but the national economic recovery is expected to be a little… Continue reading Newest state revenue update affirms substantial resources are available to build an equitable recovery
Historic state budget forecast presents historic opportunity
The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
US Senate COVID-19 relief package falls dramatically short of what nation needs
Millions of people across the country are suffering and having a hard time just getting by. In the face of… Continue reading US Senate COVID-19 relief package falls dramatically short of what nation needs
May budget report reveals the need to support everyday folks
The May budget projection will guide the decisions that policymakers make in the remaining weeks of the legislative session, and the months beyond. They remind us of how many of our neighbors are struggling, and the importance of taking swift action to reduce the hardships that Minnesotans and their families are facing as a result of the pandemic, and to start building for the economic recovery.
Racial equity should be at the core of coronavirus responses
Due to the impact of historical racism and ongoing forms of discrimination and bias, BIPOC communities (Black, Indigenous, People of Color) will more acutely feel the economic and health effects of this coronavirus crisis. Without attention to equity, they are more likely to be left out of the policy responses.