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WDAY: The News Leader

Published November 10, 2010, 12:57 PM

Minn. taxes exceed expectations by $46M in October

ST. PAUL, Minn. (AP) — October tax collections for Minnesota were $46 million ahead of earlier projections.

ST. PAUL, Minn. (AP) — October tax collections for Minnesota were $46 million ahead of earlier projections.

The montly report from state budget officials is the last before an economic forecast that will determine how big of a deficit lawmakers will confront next year. That forecast will also examine spending commitments by the state as well as long-term tax trends.

Since July, the state has brought in $100 million more than anticipated.

In October, the individual income tax, sales tax and corporate tax were all better than expectations.

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