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Minnesota’s Economic News — W/E 4/17/26

State and local taxes and spending

The Center Square: Minnesota Republicans propose largest tax cut in state history

KTTC: KTTC review finds combined county tax levies in southeast Minnesota rose nearly $26M

Pioneer Press: St. Paul homeowners see high tax bills this year, but relief may come in 2027

Star Tribune: Minnesota schools again face budget deficits and cuts. Look up your district’s shortfall

Star Tribune: Rural Minnesota economies under threat as feds cut safety net programs

CBS News: Minnesota research group calls on state to help businesses hurt by ICE surge

MPR News: State lawmakers press on relief efforts after ICE surge ‘rocked’ local economies

Minneapolis/St. Paul Business Journal: Minnesota lawmakers weigh $100 million loan program for businesses hit by immigration surge

Bloomberg Law: Minnesota Weighs First-in-Nation Tax on Wealth Above $10 Million

KSTP: Tax proposals unlikely to pass in divided legislature this session

Minn Post: Documenters report: Minneapolis explores progressive income tax, other new revenue sources

CBS News: These are the dueling tax cut proposals at the Minnesota Capitol

Twin Cities Business: The Growing Tax Base Divide

Faribault Daily News: Rep. Stier: Minnesota’s tax policy is out of touch, but not yet out of time

Trade

KROX: Minnesota Exports in 2025 drop $3.4 Billion (down 13 percent) over 2024

WDIO: State agency reports that Minnesota exports decreased 13% in 2025

Industrial Equipment News: Tariffs, Economic Uncertainty Drive 13% Decline in Minnesota Exports

Labor market

KROC: SE Minnesota Unemployment Hits 5-Year High 

KSTP: The job market shift Minnesota hasn’t seen since before the Great Recession

KEYC: Minnesota Unemployment Rate Rises to 4.5% in February; ICE Presence Cited as Factor

KIMT 3: Minnesota unemployment rises to 4.5% amid February job losses

KNSI: Minnesota February Unemployment Rate Ticks Up

KAALTV: Minnesota unemployment rate up in February according to new jobs report

Detroit Lakes Online: Minnesota’s unemployment rate ticked up in February

Agriculture

Brownfield Ag News: “Sitting out the season”: Some Minnesota farms halt production amid financial strain

Economic growth

Star Tribune: Dining, lodging businesses struggle as middle-class Minnesotans cut back

The Center Square: Minnesota economic outlook improves, but still trails most states

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