Minnesota ends fiscal year with $2.7 billion more than projected
12 Jul 2021
ST. PAUL — Minnesota pulled in $2.7 billion more than was projected earlier this year as the state's economy outperformed expectations, state economists reported Monday, July 12.
Minnesota Management and Budget officials said the state is on pace to take in $26.6 billion in net general funds in the budget cycle that ended June 30, an 11.2% bump from what they'd forecast in February. The boost in dollars flowing to the state stemmed from increased tax receipts across several categories.
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Tom Lambrecht