Better Than Expected

Shields, Yvette
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p37
Trade Publication
The article reports on the revenue collection of Minnesota after they collected an additional 447 million U.S. dollars than what they have previously forecasted for the fiscal year 2006. The Minnesota Department of Finance stated that the growth was due to the strong income tax collections and corporate income taxes. However, the author said that the forecast of the state for the fiscal year has not changed since the national economy is expected to slow down due to a tightening monetary policy.


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