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Minnesota's January tax revenue hit $3.6 billion, 17% above forecast, due to strong income tax collections.
Minnesota’s January tax revenue totaled nearly $3.6 billion, 17% above forecast, driven by $480 million in excess individual income tax collections.
Corporate taxes were slightly higher than expected, while sales tax revenues fell $4 million short.
Revenues from fees and other sources exceeded projections by $37 million.
Since the start of the fiscal year, the state has collected $19.4 billion—$558 million above forecasts—reflecting stronger-than-expected personal income activity.
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Los ingresos fiscales de enero de Minnesota alcanzaron los 3.600 millones de dólares, un 17% por encima del pronóstico, debido a las fuertes recaudaciones de impuestos sobre la renta.