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.
With an insider’s eye, Hot Dish tracks the tastiest bits of Minnesota’s political scene and keep you up-to-date on those elected to serve you.
Robby Mook, national campaign manager for Hillary Clinton's White House bid, remained bullish on the 2016 campaign during a Star Tribune interview, despite the former Secretary of State's inauspicious start to the race, and the potential candidacy of Vice President Joe Biden.