KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

MN Drew $140M More Than Anticipated In Jan.



Bookmark and Share

Minnesota's government has scooped up $140 million more in taxes for January than finance officials had been counting on.
 
But the rosy revenue numbers reflected in a report Monday could have downside to them.
 
The Department of Minnesota Management and Budget says that the extra collections probably signal a race to beat new federal tax rates. The biggest portion of the additional money came via the individual income tax.
 
Officials speculate that some high-income filers accelerated their state and federal tax payments in anticipation of tax rate bumps included in the fiscal cliff deal. It could mean less money for state coffers later.
 
A full state economic forecast is due at month's end. Any surplus dollars reflected in that report will be used to repay state IOUs to schools.
< Prev Story Back To Top Next Story >
     

Keller Williams To Acquire HJN

KDLT News has confirmed that Keller Williams is set to acquire HJN. The ...

Man Receives 11-Plus Years For Role In Drug Death

One of two men accused of supplying methamphetamine that ...

"Hot Seat" Saves Kids  story with video

(KOB) The city of Albuquerque, New Mexico has honored an Eldorado High School student ...

Aberdeen City Attorney Resigning At End Of August  Jul. 29

Storm Lake Nursing Home Fined After Woman's Fall  Jul. 29

Liberians In US Worry About Ebola Outbreak  Jul. 29

Man Pleads Guilty To Killing Pregnant Girlfriend  Jul. 29

Jackley To Brief Lawmakers On Economic Probe  Jul. 29

Sunflower Harvest Underway In The Dakotas  Jul. 29

Former Hutterites Release Second Book  story with video  Jul. 29

BackPack Program To Feed Record Amount  story with video  Jul. 28

Obama Authorizes Federal Disaster Aid For SD  Jul. 28

1st Revenue Estimate Puts SD State Budget In Black  Jul. 28

SF Road Construction Season In Full Swing  story with video  Jul. 28

Grain Elevators Looking For More Trains  story with video  Jul. 28

Police Release SF Robbery Suspect Pictures  Jul. 28

Man Reported Fake Robbery At SD Verizon Store  Jul. 28

SBA Disaster Centers Closing In 3 SD Cities  Jul. 28

Education Students In SD Get State Scholarship  Jul. 28

No More Handshakes  story with video  Jul. 28

KDLT News Archive
     

Police Release SF Robbery Suspect Pictures

Sioux Falls Police have released surveillance pictures ...

No More Handshakes  story with video

(NBC News) Our society dictates that when meeting someone new the polite ...

CO Man Dies In Meade County Accident

A Colorado man died in a one-vehicle crash on the New ...

Court Upholds SD Man's Murder Sentence  Jul. 28

Aurora Woman Killed In Idaho Accident  Jul. 28

BackPack Program To Feed Record Amount  story with video  Jul. 28

Dollar Tree Buying Family Dollar For $8.5 billion  Jul. 28

Grain Elevators Looking For More Trains  story with video  Jul. 28

KDLT News Archive
     

Madison and Tabor advance to "B" Championship  story with video

Tabor won a thriller over Groton 6-5 to advance to Tuesday's State "B" Legion ...

Hejna jumps into college football at SDSU  story with video

Considering his first name it's appropriate that Yankton's J. J. ...

Vikings Sign Rudolph To Extension  story with video

Mankato, MN (July 27, 2014) – The Minnesota Vikings have announced ...

Birds Blow Chance For Sweep  story with video  Jul. 27

Madison Rolls Past Groton At Legion State B  story with video  Jul. 27

Champions Crowned At Asfora/Clayton Tournament  story with video  Jul. 27

Veteran Greenway Leader On Vikings Defense  story with video  Jul. 27

Canaries Make It Two In A Row Against X's  story with video  Jul. 26

KDLT Sports Stories
     
Back To Top