Minnesota’s Tax Take Misses Projection For Quarter
ST. PAUL (AP) -- Minnesota's tax collections have come in short of expectations.
A state budget analysis released Friday shows tax revenue was $46 million less than projections from July through September.
Republican House leader Kurt Daudt says the report is proof "Minnesotans can't afford tax-and-spend, all-Democratic rule at the Capitol."
Tax collections missed marks in more months this year than they've been ahead of projections. But the last fiscal year ended with the state $186 million up.
But Democrats are sure to seize on a stronger September, which beat projections but not enough to offset weaker months.
The quarterly update doesn't track state spending patterns. A comprehensive economic forecast surveying both taxes and spending comes out in late November or early December, which the next governor will use in crafting a proposed budget.