Department of Minnesota Management and Budget

(credit: Jupiter Images)

July Tax Collections Come In Below Projections

Minnesota’s tax collections for July have come in $69 million below expectations. The Department of Minnesota Management and Budget released its monthly revenue Monday. It shows the state took in 6.6 percent less than was forecast.

08/11/2014

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Minnesota Tax Collections Below Mark For 4th Month

For a fourth straight month, Minnesota’s tax collections have come in slightly below expectations. The Department of Minnesota Management and Budget reported Tuesday that the state took in $17 million less than anticipated in May. That’s 1.1 percent below the amount officials estimated in a February long-range forecast. Income and corporate taxes missed the mark the most.

06/10/2014

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Minn. Tax Collections Dip Below Projection

Minnesota’s tax collectors took in slightly less than they were counting on in February and March, but finance officials aren’t sounding alarms.

04/10/2014

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Minn. High Court Wants More Info On Vikings Case

A state agency that was to sell bonds for the Minnesota Vikings stadium says a lawsuit holding up that $468 million offering is flawed. Department of Minnesota Management and Budget lawyers pressed the state Supreme Court on Tuesday to dismiss the case.

01/14/2014

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Minn. To Sell Vikings Stadium Bonds Next Week

The Minnesota Vikings stadium project is about to get its formal infusion of money from the state. The Department of Minnesota Management and Budget will sell $467 million in bonds early next week to cover the public share of the $1 billion construction budget.

01/08/2014

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Dayton: Use $1B Surplus To Cut Sales, Income Taxes

Gov. Mark Dayton says Minnesota’s newly announced $1 billion budget surplus should be used to repeal three controversial planned sales tax increases and for middle class tax relief. The first $246 million of the budget surplus that state officials announced Thursday goes to settling remaining IOUs to schools.

12/05/2013

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Minn. Officials Predict $1 Billion Budget Surplus

Minnesota finance officials are predicting a state budget surplus of more than $1 billion. That estimate released Thursday means the state can fully pay the remaining IOUs to public schools that piled up during tougher budget times.

12/05/2013

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Minn. Official Says Tax Take Below Mark For July

Minnesota has missed its tax collection projections in July by about $21 million. The shortage is reflected in a Department of Minnesota Management and Budget memo released Monday. But officials caution that the results are preliminary and subject to change. The state began its new fiscal year in July with a state budget that raises taxes on high incomes, tobacco and some previously exempt purchases.

08/12/2013

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Quarterly Status Check Due On Minn. Revenues

A quarterly check-up on Minnesota’s tax collections will also offer a glimpse of how the state’s economy is faring moving forward. The update was due out Wednesday from the Department of Minnesota Management and Budget.

07/10/2013

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Minn. Tax Collections Continue To Outpace Forecast

Minnesota took in about $25 million more in tax revenue in May than was initially expected, as revenue collections for the year continue to perform above projections. The Department of Minnesota Management and Budget says Monday that general fund revenues of $1.4 billion in May were 1.9 percent above the agency’s February forecast. In the year to date, the state has collected $324 million more than predicted in that forecast.

06/10/2013

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Revenue Dept. Drew $140M More Than Anticipated In Jan.

Minnesota’s government has scooped up $140 million more in taxes for January than finance officials had been counting on.

02/11/2013

(credit: CBS)

Minn. Tax Collections Slightly Miss Mark In July

Minnesota tax collections missed the mark in July, though not by much. State finance officials said Friday that the government took in $10.7 million less than expected, mainly due to lower-than-forecast sales and individual income taxes.

08/10/2012

(credit: Jupiter Images)

Minn. Tax Collections Run Strong April

Minnesota tax collectors say they brought in $69 million more than they were anticipating for April, the latest strong report on the state budget front.

05/12/2011

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