State revenue higher than forecast for 2012 fiscal year

According to the July economic update, the state ended the 2012 fiscal year with $336 million more in revenue than was forecast back in February, with higher than predicted income tax receipts being the main driver.

Though the next budget forecast won't come out until November, the projections of higher revenue could mean a break from some of the budget battles seen in recent years in the state.

Dear reader,

Your voice matters. And we want to hear it.

Will you help shape the future of Minnesota Public Radio by taking our short Listener Survey?

It only takes a few minutes, and your input helps us serve you better—whether it’s news, culture, or the conversations that matter most to Minnesotans.

Volume Button
Volume
Now Listening To Livestream
Cathy Wurzer
On Air
Morning Edition with Cathy Wurzer