Minnesota's general fund grew by $106 million more than originally forecast, according to new figures from the state.
Tuesday afternoon, Minnesota Management and Budget reported higher-than-expected revenue from income and sales taxes in the first quarter of 2012. Net general fund revenues for February and March totaled $2.496 billion – about 4.4 percent more than the state had projected in February.
So far this year, individual income tax revenue was $60 million higher than expected, while sales tax receipts brought in $27 million more than projected. In all, the state brought in $11.8 billion for the first three months of 2012.
