Contact Us
Make My Homepage

Minnesota’s Budget ‘Cushion’ Continues to Grow

Money-stock-image1

Download the KQCL Mobile App Now

St. Paul, MN (KROC-AM News) – The State of Minnesota continues to rake in more revenue than expected from taxes.

The latest numbers reported by the Office of Management and Budget show the state’s general fund revenues for the month of August totaled $1.79 billion. That’s $124 million, or 7.5 percent high than the amount projected by the state revenue forecast issued in February. Since the beginning of the new fiscal year on July 1, overall revenues are now $192 million, or 6.6 percent higher than expected.

Collections from all 3 major tax categories exceeded the projections. Individual income tax payments were $36 million higher than expected, sales tax collections were $49 million higher, and corporate taxes came in $58 million above the forecast. Revenues from state fees and other sources ended up $19 million lower than predicted.

News Update:  Another Violent Weekend in Minneapolis

Click here to view photo gallery

Best of Power 96

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://power96radio.com using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Sign up to have news and information about your community delivered to your email.