October state tax revenue beats target

Minnesota's tax collections continue to surpass projections.

November 9, 2012 at 10:33PM

Minnesota's tax collections continue to beat projections, with October revenue experiencing a $56 million uptick over estimates.

The state took in $1.41 billion for the month, up 4.1 percent from projections.

Individual income taxes, business taxes and sales taxes all beat targets, according to Minnesota Management and Budget.

Minnesota took in $603 million from state income taxes, $7.7 million more than estimated.

For fiscal year 2013, the state has taken in $5.1 billion, $201.2 million more than projected.

about the writer

about the writer

Baird Helgeson

Deputy editor

Baird Helgeson is deputy local editor at the Star Tribune. He helps supervise coverage of local news. Before becoming an editor, he was an award-winning reporter who covered state government and politics. He has worked for news organizations in Minnesota, Florida and North Dakota.

See Moreicon