Minnesota Management and Budget (MMB) announced today that general fund revenue collections for October were $4 million above what was predicted. October receipts from the individual income tax and sales tax exceeded expectations. For fiscal year 2016 which began on July 1, 2015, receipts are now $6.093 billion, $140 million (2.4 percent) more than forecast.

This announcement is good news for those who are waiting for MMB’s November Forecast.