Minnesota’s tax revenue collections fell slightly below projections in February, coming in about $17 million below the estimate of $1.16 billion.
Individual income tax and sales tax collections beat projections by about $19 million. Corporate income taxes and other tax revenue were down for the month by $35.4 million.
Minnesota Management and Budget officials urged caution interpreting the numbers, which are a brief snapshot in a two-year budget cycle.
“Wide swings in variances may be caused by variations in the rate at which receipts are received and processed and differences in the rate at which refunds are issued,” the department said in a statement.
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After some of the most momentous weeks of his presidency, including court victories on gay marriage and Obamacare and an emotional eulogy for the Rev. Clementa Pinckney, President Barack Obama turned his attention back to an ongoing theme of his presidency: Economic fairness.
While the nation's attention turns to the 2016 presidential race and the ever-growing field of candidates, President Barack Obama will try to drive a message he's been repeating since his first campaign: economic fairness.