(a) The commissioner shall conduct an annual cost-of-living study in Minnesota. The study shall include: (1) a calculation of the statewide basic needs cost of living, adjusted for family size; (2) a calculation of the basic needs cost of living, adjusted for family size, for each county; (3) an analysis of statewide and county cost-of-living data, employment data, and job vacancy data; and (4) recommendations to aid in the assessment of employment and economic development planning needs throughout the state. (b) The commissioner shall report on the cost-of-living study and recommendations by February 1 of each year to the governor and to the chairs of the standing committees of the house of representatives and the senate having jurisdiction over employment and economic development issues.
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