![Minnesota Taxpayers Continue to Contribute More Than Predicted](https://townsquare.media/site/67/files/2020/06/State-Capitol.jpg?w=980&q=75)
Minnesota Taxpayers Continue to Contribute More Than Predicted
![AM 1240 WJON logo](https://townsquare.media/site/67/files/2021/11/attachment-wjonam-alexacard-big.jpg?w=100)
St. Paul, MN (KROC-AM News) - Minnesota started out the new fiscal year with significantly higher than predicted tax collections.
A monthly report from the Minnesota Office of Management and Budget shows overall general fund revenues in July totaled just over $1.3 billion. That's about $67 million, or 5.4 percent above the level projected by the state's most recent revenue forecast.
The report shows individual income tax payments last month were $17 million below the forecast at $825 million, while the other four major categories beat the prediction. Sales tax revenues exceeded the forecast by $32 million, corporate tax payments were $31 million higher than predicted, and revenues from fees and other miscellaneous sources beat expectations by about $21 million.
News Update: Minnesota Tax Refund Deadline Has Arrived; Have You Filed Yet?
KEEP READING: See the richest person in every state
More From AM 1240 WJON
![St. Ben’s, St. John’s Official Higher Ed Partners with MN United](http://townsquare.media/site/70/files/2019/11/soccer_ball_getty_Michael-Regan_Getty24.jpg?w=980&q=75)
![Gas Prices Fall in Minnesota, Rise Nationally](http://townsquare.media/site/67/files/2023/04/attachment-GettyImages-97962772.jpg?w=980&q=75)
![St. Cloud’s Coborn’s, CentraCare Make List of Biggest Minnesota Employers](http://townsquare.media/site/67/files/2024/07/attachment-Jobs3-Thinkstock-GettyImages.jpg?w=980&q=75)
![Central MN Meat Market Introduces 24/7 Meat Vending Machine](http://townsquare.media/site/67/files/2024/07/attachment-Jen-and-Travis.jpg?w=980&q=75)
![Becker Woman Hurt in Crash Near Spicer](http://townsquare.media/site/67/files/2023/06/State-Patrol-Stock-2.jpg?w=980&q=75)
![Get Ready For Change: Minnesota Introduces Area Code 924 Overlay](http://townsquare.media/site/67/files/2024/07/attachment-NewAreaCode.jpg?w=980&q=75)
![MSP Ranked Top U.S. Airport in 2024](http://townsquare.media/site/67/files/2024/07/attachment-MAC_MSP-Airport_Terminal-1_Delta_6x4_200.jpg?w=980&q=75)
![Riding High: Amtrak Borealis Trains Impress In First Month](http://townsquare.media/site/67/files/2024/07/attachment-AmtrakBorealis-AmtrakHandoutPhoto.jpg?w=980&q=75)
![90s Possible in Minnesota this Weekend](http://townsquare.media/site/669/files/2021/07/attachment-RS45164_GettyImages-1150050227-scr.jpg?w=980&q=75)