Brooks is an investigative/enterprise reporter and business columnist at the Duluth News Tribune.
- Member for
- 1 year 11 months
Deb DeLuca was named the executive director of the Duluth Seaway Port Authority on Monday, becoming the first woman to hold the role. After a nationwide search, the port authority’s board found its own environmental and governmental affairs director was “head and shoulders above the rest,” as commissioner Tony Sertich put it. The vote was unanimous.
On the fence about buying the next iPhone? If you're a state employee, consider it a contribution to your retirement account. Apple is the No. 1 stock held by Minnesota's public pension funds, with the state holding more than $870 million of the company at the end of 2017. Tech stocks overall comprise six of the top 10 equity holdings, up from four out of 10 in 2013. There's no strategic reason for that change — it's just where the market is at.
The Number: 26.9 percent Or $2.7 billion: That's how much of the state's total income tax is paid by the richest 1.3 percent of Minnesotans — those making more than $500,000 a year — according to the Department of Revenue. There are roughly 36,000 such taxpayers (roughly the adult population of Edina, go figure), and their numbers have grown in the past decade. So, too, has the number of people making between $100,000 and $249,000, who together contribute the single largest share of income taxes at 32.6 percent.
In the decade since a wrecking ball struck the global economy, Duluth's city finances have rebounded. Reserves have swelled, retiree health care is relatively under control and revenue has consistently beat forecasts. So, when the next economic downturn arrives, Duluth's budget should be able to cushion the fall — even if the state slashes Local Government Aid payments again. "We are dependent on it, though we wouldn't like to be," said Wayne Parson, Duluth's chief financial officer.
The Number: $624,557
The Number: $280
Minnesota family child care providers are embracing some small regulatory changes that could make a big difference in a profession that is shrinking fast. "This was a good step forward," said Julie Seydel, a child care provider and public policy director for the Minnesota Association of Child Care Professionals. "A lot more needs to be done." One of the changes enacted by the Minnesota Legislature this year, going into effect Wednesday, is the removal of the requirement to have the children of providers fingerprinted for background checks.
The first step is to think it's possible. Despite unspeakable student debt, a car payment, a neverending credit card bill and a few credit-damaging decisions of youth, my wife and I decided we could buy a house. No, we will buy a house. And soon. The second step is to stop spending money.
Hazel had no complaints. It's a roomy, four-bedroom house with cushy new carpeting. And what's all this talk of space for toys? Granted, the 3-year-old didn't have the same list of questions her parents did. Tyler Franzen and Sarah Hakel are the ones who have to cut the check, after all. Amid the freshly painted walls and new kitchen at this Rolling Green gem in Proctor, Franzen noted: "The only thing I don't like is the price."
It wasn't a typical week to start working at a newspaper. President Trump was coming to town, parts of Northwestern Wisconsin were under water, and Grandma's Marathon had just wrapped up. But Peter Baumann hit the ground running as the News Tribune's managing editor on June 18. "It's my hope that I can help build on the success that's already here in long-term projects, daily reporting and personal development," said Baumann, who was previously the managing editor of the Laramie Boomerang in Wyoming, a job he held for the past four years.