MINNEAPOLIS, Minnesota, March 26 -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 654) on March 25, 2024, entitled "Preemptive Austerity with Rollover Risk." The report was written by Juan Carlos Conesa of Stony Brook University and Timothy J. Kehoe of the University of Minnesota. Here are excerpts: * * * Abstract By preemptive austerity, we mean a policy that increases taxes to deter potential rollover crises. The policy is so successful that   more

WASHINGTON, March 26 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release on March 25, 2024: The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. The IRS estimates more than $1 billion in refunds remain unclaimed because people haven't filed their 2020 tax returns yet. The average median refund is $932 for 2020, and  more

ST. PAUL, Minnesota, March 26 (TNSres) -- The Metropolitan Council, regional policy-making body, planning agency and provider of essential services for the Twin Cities metropolitan region, issued the following news on March 25, 2024: The Metropolitan Council and the City of Saint Paul Housing and Redevelopment Authority (HRA) begin a search today for a developer for a prime, undeveloped property in the heart of downtown Saint Paul. A Request for Proposals for the Central Station Redevelopment   more

LANSING, Michigan, March 26 -- Michigan Attorney General Dana Nessel issued the following news release: Michigan Attorney General Dana Nessel has joined a coalition of 22 attorneys general, led by Illinois Attorney General Kwame Raoul, in filing an amicus brief defending the federal law that prohibits people who have been convicted of felonies from possessing firearms. In their brief, filed in U.S. v Prince, AG Nessel and other attorneys general ask the U.S. Court of Appeals for the 7th Circu  more

ST. PAUL, Minnesota, March 26 -- The Minnesota Department of Employment and Economic Development issued the following news on March 25, 2024: Today, the Minnesota Department of Employment and Economic Development (DEED) announced $2.7 million in Robotics Teams and STEM Internships Program grant awards to eight nonprofit organizations and education institutions across the state. This competitive grant program, offered through DEED's Office of Youth Development, provides grants to organizations   more

ST. PAUL, Minnesota, March 26 -- The Minnesota Utilities Commission issued the following decision involving Northern States Power Co. dba Xcel Energy: * * * INTRODUCTION DECISION ITEMS 1. Details 2024-050 N/A In the Matter of a Participant Compensation Subcommittee Proposal. Should the Commission create and delegate authority to a Participant Compensation Subcommittee to make decisions on participant compensation requests? (PUC: Moe) Attachments: Briefing Papers (https://minnesotapuc.leg  more

ST. PAUL, Minnesota, March 26 -- The Minnesota Senate Republican Caucus issued the following news on March 25, 2024: Last Wednesday the Senate Judiciary heard bipartisan legislation (https://www.revisor.mn.gov/bills/text.php?number=SF4120&version=latest&session=ls93&session_year=2024&session_number=0) authored by Senator Andrew Lang (R-Olivia) that requires the custodian of a petitioner's minor children be notified of any order of protection lifted or placed upon the family. In emotional testim  more

ST. PAUL, Minnesota, March 26 -- The Minnesota Senate Republican Caucus issued the following news on March 25, 2024: On Tuesday, March 19, Minnesota Senate Republicans presented a bill to give local school districts more options with state funding. Many schools across the state are facing budget shortfalls since the funding passed last year simply did not keep up with the cost of more than 60 new mandates. "Last session, we warned Democrats that their many education mandates would lead to prob  more

ST. PAUL, Minnesota, March 26 -- The Minnesota Senate Republican Caucus issued the following newsletter on March 25, 2024, by State Sen. Rich Draheim, R-Madison Lake: * * * Friends and neighbors, The Repair Minnesota session continues. This week we are talking about repairing the damage caused to schools by last year's education mandates. Despite $2.2 billion in new education funding last year, school budgets are being crushed by excessive mandates. Many are facing shortfalls. On Tuesday, my  more

ST. PAUL, Minnesota, March 26 -- The Minnesota Senate Republican Caucus issued the following statement on March 25, 2024, by State Sen. Torrey Westrom, R-Alexandria: * * * On Thursday, March 21, Senator Torrey Westrom (R-Alexandria) made a motion on the Senate floor to immediately bring up for a vote a bill that would give Minnesotans a voice on the new state flag and seal. SF 4771, authored by Sen. Westrom, would allow Minnesotans to approve the designs selected by the Minnesota State Emblems  more