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Minnesota’s Economic News — W/E 12/5/25

State and local taxes and spending

Star Tribune: Budget battle brewing between mayor and outgoing Minneapolis City Council

Duluth News Tribune: Local View: Minnesota has to stop treating taxpayers like an ATM

West Central Tribune: Chippewa County commissioners concerned by more tax burden on local governments

New Ulm Journal: Rate of taxation for city will be higher than ever

KSTP: Which Minnesota cities are facing the biggest property tax hikes?#

KSTP: St. Paul schools cut levy by 2% for 2026 budget amid $253.7M referendum

KNSI: Approved St. Cloud 2026 Budget Sees First Property Tax Hike in Two Decades

Alpha News: Hennepin County budget proposal would spend more than $40 million on ‘disparity elimination’

MPR News: Minnesota budget forecast will set the stage for 2026 legislative session

MPR News: St. Paul City Council approves budget, property tax increase

Axios: Sticker shock: Vehicle renewal costs jump 20%

KSTP: Minnesota budget forecast shows nearly $2.5B surplus in short-term, $3B deficit looming

Star Tribune: State budget forecast projects $2.5 billion short-term surplus, looming deficit

CBS News: Minnesota budget forecasters predict surplus in short term, but deficit in the future

Minn Post: Talking points for all. Amid wild federal uncertainty, here is what to know about Minnesota’s economic outlook

Kare 11: State budget forecast shows a mixed bag: current surplus with looming deficit

KTTC: Minnesota’s economic outlook improves in the short term, but a deficit remains

KFGO: Minnesota budget forecast shows current $2.5 billion surplus

In Forum: Minnesota budget forecast shows near-term surplus, looming deficit shrinking to $3 billion

Minnesota Reformer: Minnesota in OK financial position, but fraud top of mind for politicians

Labor market

Kanabec County Times: A shifting labor market

Economic growth

Rochester Post Bulletin: Rochester is still attracting new stores and restaurants, even as national economy struggles

Axios: Minnesota’s Fortune 500 roster stays strong but stagnant

KX News: Mid-America index falls to 49.5, signaling economic slowdown

KSTP: Somali Minnesotans drive economic growth, pay $67M taxes annually

Regulation

Twin Cities Business: Minnesota’s new Paid Leave is coming

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