Minnesota revenue in May beat projections by nearly 2 percent - Bring Me The News

Minnesota revenue in May beat projections by nearly 2 percent

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The state budget office's first look at May revenue shows Minnesota took in nearly two percent more than projected.

As Politics in Minnesota reports, Minnesota Management and Budget found revenue up 1.9 percent compared to what was contained in the February economic forecast.

The Star Tribune reports that sales tax revenue was down slightly, but income and corporate taxes more than compensated for it. For the year revenue is running $324 million ahead of the forecast.

Budget officials caution, though, that the May numbers are only preliminary and could change.

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