Contact Us

Minnesota’s Tax Haul Ran $336M Above Projections

Getty Images

ST. PAUL  (AP) – Tax revenue has flowed more heavily to Minnesota government than finance officials were hoping, but they’re not ready to give the all-clear on the state’ budget outlook.

The Department of Minnesota Management and Budget says the state took in $336 million more than anticipated in the fiscal year that ended June 30. Most of the excess was from stronger individual income tax collections. Sales and corporate taxes were also more robust.

Agency officials say the U.S. and state economies are expected to grow at a slower clip than previously forecast. That could spell trouble on the budget horizon.

A deficit is forecast to reappear for the two-year budget cycle due to begin next July, and the state remains behind on school aid checks.

(Copyright 2012 by The Associated Press.  All Rights Reserved)

More News from WJON

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 points and 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 points, 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 with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wjon.com using your Facebook account.

*Please note that your points, 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.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!