State officials released a report Friday showing revenue collections were up nearly 3 percent above projections for the fiscal year ending in June.
May was a strong money month for Minnesota’s tax collectors. The Department of Minnesota Management and Budget said Wednesday that the state took in $53 million more than anticipated in tax collections last month.
Minnesota collected nearly 5 percent more in taxes in October than was anticipated. Minnesota Management and Budget said Monday it collected just under $1.7 billion, $75 million more than forecast. Tax collections for the fiscal year, which started in July, are slightly ahead of projections. October marks the second consecutive month that tax collections have come in high in a year where the state’s monthly collections have generally lagged.
A state Senate committee is taking its first look at a proposal to allow casino-style gambling at horse-racing tracks in Minnesota.