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Showing posts with the label Minnesota

Minneapolis musician Tyka Nelson, Prince's sister and only full sibling, dies at 64

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[ad_1] Musical legends gathering for concert honoring Prince on his birthday Musical legends gathering for concert honoring Prince on his birthday 02:36 Minneapolis musician Tyka Nelson, Prince's only full sibling, died Monday at North Memorial Health in Robbinsdale, Minnesota, her son President Nelson confirmed to The Associated Press. She was 64. A cause of death was not immediately available, and President Nelson said he doesn't expect to know "for a couple of days." In a Facebook post Monday, Prince's cousin, Charles "Chazz" Smith said his family is "very saddened" by the news.  Born to jazz mu...

States are flush with cash. It's setting off "tax cut fever."

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[ad_1] Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year.  And lawmakers in more than half of states are responding to their new cash cushions with similar proposals: cutting taxes.  Twenty-seven states are weighing tax cuts this year, according to a recent analysis from the left-leaning Institute on Taxation and Economic Policy (ITEP), which termed the push "tax cut fever." Some officials are considering totally eliminating their state income tax, including in Mississippi and Arkansas, while others are floating property tax cuts, among other ideas. The drive to cut state taxes has accelerated during the pandemic. During the past two years, dozens of states reduced their income tax rates or created new tax credits and rebates, partly as their coffers overflowed due to strong economic growth and billions in...