Skip to main content

Minnesota's August tax revenue falls short of target by 2 percent

  • Author:
  • Updated:

Budget officials say Minnesota tax collections in August came in a little short of the state's target.

Minnesota Management and Budget reported revenue for the month ran $26 million below projections, which the Pioneer Press says is a two percent shortfall.

As Politics in Minnesota reports, sales taxes actually beat expectations. But that was outweighed by shortfalls in corporate and income taxes.

PIM also notes the smaller figure may simply be the product of a lag in the accounting system. It seems the budget folks were relocating some equipment over the Labor Day weekend. One day's worth of August revenue will be lumped in with September's numbers.

Here's the report from Minnesota Management and Budget. Two months into the fiscal year the state is $46 million shy of projected revenue. A more thorough analysis next month will look at the first quarter.

Next Up


Minnesota's COVID-19 update for Friday, January 28

The state is still in the process of catching up with 10,000 yet-to-be processed tests.

Bryan Acuna

Twins sign 16-year-old brother of Braves star Ronald Acuna Jr.

Bryan Acuna is one of the top international prospects, according to

Christopher Endicott

Authorities: Former principal who died in MN jail took his own life

He was found unresponsive in the jail last November.


Sheriff: 2 injured, drunk driver arrested after head-on crash

The allegedly drunk driver wasn't injured in the crash.


Newest 'Dirty Jobs' ep. has Mike Rowe scraping shmutz in MN

He'll scrape and clean a "special kind of shmutz" from the bottom of an escalator at a local hockey arena.

school, classroom

Here are the 77 nominees for the MN Teacher of the Year award

The nominees will be trimmed to a group of semifinalists and then a group of finalists.

crystal police department

2 women found dead in Crystal home, police investigating

Authorities investigating the incident as a murder-suicide.

Screen Shot 2022-01-27 at 9.15.45 PM

Buckeyes crash the glass, fend off Gophers

E.J. Liddell dominated in the paint to help No. 16 Ohio State.