Tax Collections

State Tax Collections Beat Forecast By $30 Million In JulyMinnesota'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.
Minnesota Sees Tax Collections Outpace Projections AgainMinnesota's coffers are $212 million fuller than state finance officials thought they'd be at this stage.
Minnesota's Tax Take Misses Projection For Quarter Minnesota's tax collections have again come in short of expectations. A state budget analysis released Friday shows tax revenue was $46 million less than projections from July through September.
Monthly Tax Collections Off By $10M In August 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.
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.
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.
Minn. Revenue Comes In A Shade Below Projections Minnesota's tax collections have come in $2 million below expectations in the first three months of the newly enacted state budget.
Minn. Tax Collections In August Lag SlightlyMinnesota collected 2 percent less in taxes in August than was originally expected, as revenue collections for the 2014 fiscal year droop slightly. Net general fund revenues totaled just under $1.3 billion in August.
Minn. Official Says Tax Take Below Mark For JulyMinnesota 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.
Quarterly Status Check Due On Minn. RevenuesA 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.
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.
Minn. Tax Collections Up $114M In Nov-DecMinnesota collected more tax revenue than forecast in November and December.
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