Minnesotans paid more than $1.3 billion in state taxes in November, about $2 million more than state budget officials predicted in its most recent forecast.
The November forecast, released last week, projects that lawmakers will have a $1-billion surplus with which to craft a budget for the 2016-17 biennium.
The Minnesota Management and Budget Office on Wednesday said that the monthly revenue report was in line with the overall budget and economic forecast from a week ago.
Individual income tax collections were $517 million, or 2.2 percent more than projected. Sales taxes hit their target, coming in at $432 million as previously expected.
Other form of revenue beat targets by $8 million. The state has taken in $7.3 billion for the 2015 fiscal year, about $2 million more than November projections.
Minnesota budget officials urge caution in interpreting revenue numbers, which can fluctuate wildly from month to month.
