Sections

Weather Forecast

Close

Minnesota revenues below forecast

ST. PAUL -- Minnesota's state revenue for the past three months was $97 million below expectations.

That is a 2.1 percent drop, Minnesota Management and Budget reported Monday, Oct. 10.

All major taxes were below what earlier was expected. Still, the state collected nearly $4.5 billion in July, August and September.

The department reported that individual income tax receipts were $29 million lower than forecast. Sales taxes were down $28 million from what state official predicted earlier in the year. Corporate tax payments were down $18 million, 5.2 percent below what was planned.

Forum News Service

The Forum Communications News Service is the premier news wire service covering the Upper Midwest, including the Dakotas, Minnesota and Wisconsin. In addition to breaking and enterprise news, we offer a wide variety of sports, features, business, agriculture, outdoors and opinion content. For more information about the services we offer or to discuss content subscriptions, please contact us.

Advertisement
randomness