Contact Us

Minn. Tax Collections Run $28M Ahead For Nov.-Dec.

Minnesota State Capitol
Getty Images

ST. PAUL (AP) – First the good news: Minnesota tax collections exceeded expectations by $28 million the last two months.

Now the bad: That’s a drop in the bucket put against a forecast budget shortfall exceeding $6 billion.

State officials reported Monday that stronger-than-anticipated income tax receipts were mostly responsible for better revenue showing.

The report says that the country’s job picture remains weak, but economic growth over the next two years was expected to pick up strength.

The snapshot looks only at money coming into state coffers and not spending obligations.

The report notes that Minnesota is still awaiting money from the state of Wisconsin connected to a tax reciprocity agreement that was terminated; the agreement had affected taxpayers who work in one state but live in the other.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

More WJON News

Recommended For You

Around 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?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

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://wjon.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

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

(Forgot your password?)

Not a member? Sign up here

Sign up for The WJON VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive The WJON VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.