Monthly tax collections off by $10M in August - WXOW News 19 La Crosse, WI – News, Weather and Sports |

Monthly tax collections off by $10M in August

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ST. PAUL, Minn. (AP) - Minnesota's tax collections for the year have fallen further behind earlier projections.

State finance officials reported Wednesday that tax collectors took in $10 million less than expected in August. Individual income taxes lagged the most. In all, the state took in more than $1.3 billion last month.

For the fiscal year, which began in July, the state is now almost $80 million behind projections, or 3.3 percent.

The monthly budget updates provide limited information. They don't offer details on state spending so they can't be used to assess whether deficits or surpluses are in store.

A three-month look at tax receipts and other economic patterns is due on Oct. 10. It will be the final one before the November elections.

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