Click here for Mobile Site: http://m.wcco.com
  • Font Size    
E-mail

Close Window E-mail This Page

Minn. Hears Good Budget News For A Change

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   
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."

 

 

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

© MMX, CBS Broadcasting Inc. All Rights Reserved.