BUSINESSKSTP ABC MINNEAPOLIS
Minnesota’s Paid Family Leave program paying out nearly $600M. Is a wage tax funding enough to keep it going?
Minnesota’s Paid Family Leave program has paid out $598 million in its first six months, with $344 million collected from a 0.88% wage tax split between employers and employees. The program serves 75,000 people, with 124,000 additional applications, and faces concerns about funding stability despite claims from State Sen. Alice Mann that balances will improve by the end of the quarter. Delays in processing applications have been reported, though success stories highlight the program’s benefits.
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