State Releases November Revenue Collections

Winthrop & Weinstine, P.A.
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Minnesota Management and Budget (MMB) released the November Revenue Review this morning.  Minnesota collected $1.426 billion in revenue in November which is $9 million less than what MMB predicted in the December 3rd Economic Forecast.  Receipts for general sales and other taxes were below forecast, offsetting positive collections in individual and corporate income tax revenues.   For fiscal year 2016, year to date receipts are now $7.519 billion.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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