Minn. tax revenues pass expectations in Nov., Dec.
ST. PAUL, Minn. (AP) - Minnesota state government collected $172 million more in taxes in November and December than was previously forecast by finance officials.
Minnesota Management and Budget released its January economic update on Friday. It says the state collected general fund receipts in November and December of $3.3 billion, which is $172 million or 5.4 percent more than state officials predicted last November.
Tax revenue came in above expectation in all three principal tax categories: individual income tax, sales tax and corporate franchise tax.
Management and Budget attribute the spikes to a variety of factors, including stronger than expected economic activity in Minnesota along with a modest improvement in the U.S. economy above what was expected when the November forecast was prepared.
Members of the newly created commission to regulate ethics laws for Wisconsin office holders and lobbyists are beginning their work with the simplest of tasks: deciding on a name. Weightier decisions aren't far...More >>
The Wisconsin Department of Natural Resources approved a request Wednesday to pull millions of gallons of water daily from Lake Michigan to serve a new Foxconn Technology Group manufacturing plant, helping the Taiwanese...More >>
Can't Find Something?
3705 CTH 25, La Crescent, MN 55947
Phone: 507-895-1919 or 800-947-9969 (WXOW)
News tips: email@example.com