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flag Minnesota ends fiscal year with $850M surplus, defying forecasts amid mixed tax revenue.

flag Minnesota ended its fiscal year with a general fund surplus of $850 million, totaling $31.9 billion, 2.7% above forecasts. flag This surplus was mainly due to higher individual income tax payments, despite lower revenues from sales, corporate, and miscellaneous taxes. flag The state's economic outlook through 2029 predicts low GDP growth and rising unemployment.

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