Minnesota state budget officials on Friday reported that tax collections last month were higher than expected, totaling $1.01 billion.
Budget officials report better-than-expected tax collections in February
The state collected more than $1 billion in taxes last month, about 3 percent more than budget officials had projected.
March 10, 2017 at 7:15PM
That's $34 million more than had been projected in February, when officials last released their last state budget and economic forecast.
The better-than-expected revenue collection is due mostly to higher corporate and sales tax receipts, which totaled $419 million in February.
In all, tax collections for fiscal year 2017 stands at nearly $13 billion.
The lifelong northeast Minneapolis resident led a one-vote majority through the landmark 2023 session.
