Report: State revenues drop in October

In the latest report on the state's revenue picture, state revenues were just over $58 million -- or 4.4. percent -- less than forecasted.
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In the latest report on the state's revenue picture, state revenues were just over $58 million -- or 4.4. percent -- less than forecasted.

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State tax revenues jump in 2011

In what could be another sign of economic recovery, tax revenues in all 50 states jumped in 2011. Slateline.org reports that Minnesota was one of the largest gainers, bringing in 15 percent more in 2011 than 2010. North Dakota was the envy of all others, with a whopping 44.5 percent revenue increase over the previous year.

State tax revenue beats forecast, but $1 billion shortfall still looms

Revenue from Minnesota taxes came in more than two percent ahead of expectations in the fiscal year that ended June 30th. A top budget official says the extra $336 million is good news, but doesn't really clear up the clouds on the economic horizon. The state still faces a $1 billion shortfall in the two-year budget that starts next summer. And forecasters are getting less optimistic about the prospects for growth.

State revenue running ahead of expectations

Revenue to Minnesota's general fund during the last two months of 2011 beat the forecast, thanks largely to more people working. Spending remains tight, though, and sales tax receipts are lagging.

Minnesota tax collections below January forecast

Minnesota Management and Budget reports general fund revenues were $107 million less than projected last month. Gov. Mark Dayton and legislators will get an update on the state's budget forecast February 29. The forecast in December showed Minnesota had an $876 million surplus.

Strong tax collections in May puts Minnesota ahead of revenue projections

Management and Budget Commissioner James Schowalter says better-than-expected sales tax collections last month helped pad Minnesota's budget. Since February, tax revenues have surpassed estimates by $148 million. An economic update will be released next month and a new budget forecast will be issued in November.

Jay Cooke State Park could reopen in October

MnDot crews are making progress on roadwork surrounding Jay Cooke State Park south of Duluth. The popular tourist attraction was closed for the summer following massive flooding to the region in June. The park could reopen in October.