Minnesota’s May 2024 state revenues came in higher than expected, totaling $2.122 billion, which is $304 million more than forecasted. This increase reflects higher receipts from all major taxes, benefiting state and local communities, including Becker County.
**Key Points:**
– **Individual Income Tax**: $998 million collected, $204 million above forecast.
– **General Sales Tax**: $606 million collected, $57 million above forecast.
– **Corporate Tax**: $92 million collected, $33 million above forecast.
– **Other Revenues**: $427 million collected, $9 million above forecast.
Year-to-date for fiscal year 2024 is $561 million more than expected.
For residents and local governments in Becker County, this surplus means more potential funding for public services and infrastructure improvements, as the state has more resources to allocate across Minnesota.