WDAY.com

WDAZ: Your Home Team

Published February 10, 2010, 12:30 PM

Tax Collections Top Expectations

Minnesota tax collectors took in nearly $47 million more than they expected in January, a glimmer of positive news in a dreary budget picture.

By: Associated Press, WDAZ

ST. PAUL, Minn. (AP) - Minnesota tax collectors took in nearly

$47 million more than they expected in January, a glimmer of

positive news in a dreary budget picture.

Minnesota Management and Budget said Wednesday that the state

collected $1.36 billion last month. That was 3.6 percent better

than anticipated, as individual and corporate income taxes and

sales taxes came in above projections.

The agency says the state is now $45 million ahead of revenue

projections for the fiscal year that started in July.

The figures give only half a picture of the state's budget

health because they don't include state spending. A complete budget

update is due in early March.

Tags: