Minnesota collected 16.7% more tax revenues than expected in May, reaching $2.1 billion.

Minnesota collected 16.7% more tax revenues than expected in May, with net general fund revenues exceeding $2.1 billion. All major revenue categories, including individual income tax payments, general sales tax receipts, and corporate tax payments, surpassed their respective projections for the month. This has brought state revenues for the fiscal year to over $26.8 billion, a 2.1% increase.

June 29, 2024
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