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Minnesota brings in more revenue than expected during January

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Minnesota brings in more revenue than expected during January
Detroit Lakes Minnesota 511 Washington Avenue 56501

ST. PAUL - Minnesota’s January revenue was $83 million more than expected.

That is a 4.4 percent increase and good news for lawmakers who want to spend money when they come back to St. Paul for the 2014 legislative session Feb. 25.

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Minnesota Management and Budget reported Monday that individual income tax payments were up $53 million and sales tax $17 million higher to lead the advance.

Since the fiscal year began July 1, revenues are up $255 million (2.4 percent) over expectations. Total revenues have been $11 billion.

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