(credit: CBS)
ST. PAUL, Minn. (AP) — Minnesota’s revenue is doing better than expected in the new budget year after August tax collections beat expectations.
Minnesota Management and Budget said Monday that the state took in $41 million, or 3.5 percent, more than anticipated in August, as individual income taxes and sales taxes came in well above projections.
The August revenue puts the state $31 million, or 1.4 percent, ahead of projections for the fiscal year that started in July. That’s after July tax collections came in below expectations.
The numbers don’t give a full picture of the state’s budget, because they don’t reflect spending. A more detailed report on revenues is due in October, followed by a full budget forecast in November.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)




Namaste: Yoga Poses For...
Crews On Scene Of Rescue...
Massive Tornado Rips Through...
Baseball Shots Of The Week –...
Best Summer Dishes
CBS 2013-2014 Prime Time Shows
Batting Practice Buddies
Fire Near Menahga, Minn.
Renderings Of "The Yard" In...
Flash Forward: Concept Cars...
Senate Passes Gay Marriage...
Baseball Shots Of The Week –...
Ice Surging Off Of Lake Mille...
Hundreds Rally At Capitol For...
Best Summer Festivals and...
Baseball Shots Of The Week –...



