Minnesota tax collections exceed expectation at end of 2015
January 11, 2016 — 4:20pm
Minnesota collected more taxes than projected in the last two months of 2015.
Minnesota Management and Budget reported Monday that general fund receipts in November and December totaled $3.7 billion -- a total of $43 million, or 1.2 percent, more than projected in the November economic forecast.
The agency said better-than-anticipated net receipts from the individual income tax, corporate tax and other revenues were what brought the state into the black. That made up for lower than expected net sales tax receipts.
The surplus collections were generated in December, making up for lower-than-predicted tax receipts in November.
A Duluth native who just barely lost Virginia's GOP gubernatorial primary said that politicians have not gone far enough in condemning the left for violence during a rally of white nationalists in Charlottesville. "I think that the left is going to try to use this as an excuse to crack down on conservative free speech," said Corey Stewart. "I think they're going to try to use this as an excuse to remove more historical monuments."