Minnesota’s economic hot streak isn’t letting up. State tax collections beat estimates by $30 million, or 3 percent, in July. That’s according to a Department of Minnesota Management and Budget report released Monday.
State officials released a report Friday showing revenue collections were up nearly 3 percent above projections for the fiscal year ending in June.
A tough new ad from Democratic Sen. Al Franken accuses his Republican opponent’s business of avoiding taxes by headquartering overseas. But Republican Mike McFadden calls the ad “ridiculous” and “full of lies.” The ad marks a new Franken campaign strategy: directly attack McFadden for his business dealings.
Minnesota’s tax haul for April was $153 million better than forecasters had expected, a strong month that probably has little effect on the trajectory of legislative budget talks.