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Minnesota state tax collections in Nov-Dec 2023 exceeded projections by 1.4%, with individual and corporate taxes higher than forecasted.
In the final two months of 2023, Minnesota state tax collections exceeded projections by 1.4%, according to the Minnesota Office of Management and Budget.
The total net general fund payments for November and December were $5.22 billion, with individual income tax payments higher by $37 million, and corporate tax payments higher by $65 million.
Sales tax receipts were nearly in line with forecasts, while other sources of revenue fell slightly below projections.
A revised state revenue forecast will be presented to the State Legislature and Governor Tim Walz next month.
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La recaudación de impuestos del estado de Minnesota en noviembre-diciembre de 2023 superó las proyecciones en un 1,4%, con impuestos individuales y corporativos más altos de lo previsto.