Net Minnesota tax collections were $1.687 billion in October, up nearly 5 percent from officials' projections in February, the Minnesota Management and Budget Office reported Wednesday.
Revenues collected from invidual and corporate income taxes and other miscellaneous revenues exceeded expectations for the month, officials said Monday. Sales tax receipts for October were down about $1 million.
For fiscal year 2015, tax collections are at $5.984 billion, up 0.5 percent from an earlier projection. Minnesota Management and Budget officials said in a statement that monthly revenue reports are preliminary and can vary wildly from month to month.
