Minnesota tax revenue lags in April

Minnesota had $1.7 billion in sales, income and corporate taxes in April, down $12 below targets.

May 12, 2014 at 11:37PM

Minnesota tax collections lagged a little behind expectations in April, coming in at $1.7 billion.

Overall income tax, sales tax and corporate taxes were off a combined $12 million, about 0.7 percent below the forecast.

Individual income tax withholding in April was off the most, down $19 million. April sales tax receipts were up $17 million over the forecast, a rise of 4.3 percent over predictions.

For fiscal year 2014, tax collections are at $15.371 billion, $78 million below estimates.

Minnesota Management and Budget officials said in a statement that monthly revenue reports can swing wildly and "should be interpreted with caution."

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.

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