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Minnesota Revenues Continue to be Above Forecast
ST. PAUL -- Minnesota's revenues continue to be strong in the new fiscal year.
The Minnesota Office of Management and Budget says the net general fund revenues totaled over $1.93 billion in August, which was $69 million - or 3.7 percent - more than what was forecast for the month back in February.
Individual income, corporate, and other tax revenues exceeded the forecast, while only sales taxes were lower than expected.
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For the fiscal year 2023 so far, which includes the months of July and August combined, year-to-date receipts are now nearly $3.70 billion, $133 million more than forecast.
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