Minnesota state budget officials on Friday reported that tax collections last month were higher than expected, totaling $1.01 billion.

That's $34 million more than had been projected in February, when officials last released their last state budget and economic forecast.

The better-than-expected revenue collection is due mostly to higher corporate and sales tax receipts, which totaled $419 million in February.

In all, tax collections for fiscal year 2017 stands at nearly $13 billion.