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Minn. Hears Good Budget News For A Change

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Apr 10, 2008 9:02 pm US/Central

Minn. Hears Good Budget News For A Change

ST. PAUL (AP) ― After a few bad budget reports in a row, an economic update says Minnesota's bank account was more flush than expected in February and March.

In a quarterly update on tax dollars and other revenue, the Finance Department says the state got $99 million more than anticipated in those two months. That's about 4.5 percent above earlier projections.

Income taxes paid by individuals accounted for half of the unexpected money. Corporate receipts were also stronger.

The quarterly reports only look at taxes and not spending, and they aren't used by lawmakers as they set the state budget.

The April report says that a recession currently affecting the economy should be "short and mild."

 

 

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