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.

Contributors in Minnesota: Patrick Condon, J. Patrick Coolican, Patricia Lopez, Ricardo Lopez, Abby Simons, Rachel E. Stassen-Berger and Glen Stubbe. Contributors in D.C.: Allison Sherry and Jim Spencer.

February tax collections lag

Posted by: under State budgets Updated: March 11, 2013 - 4:55 PM

Minnesotans paid less in taxes this February than state officials were expecting, a new revenue statement shows.

The state general fund took in $1.06 billion in tax revenue for the month, about $26 million less than projected. Income tax withholding was $566 million, about $36 million below forecast.

That was partially offset by strong sales tax collections, which came in at $370 million, about $13.2 million more than projected.

State budget officials warn against reading much into monthly variances. Slight variations in when taxes are processed can create wild swings in monthly tax revenue.
 

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT