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Minnesota revenue falls in February

ST. PAUL - Revenues flowing into Minnesota state coffers slowed in February. While individual income tax revenues exceeded earlier expectations, other revenues fell from what was predicted in February. Minnesota Management and Budget reports that...

ST. PAUL - Revenues flowing into Minnesota state coffers slowed in February.

While individual income tax revenues exceeded earlier expectations, other revenues fell from what was predicted in February.

Minnesota Management and Budget reports that some of the change comes from lower taxes paid on tobacco product sales. Various other smaller revenue sources also fell.

Overall, total February revenues were $2.6 billion, down $67 million from expectations. Income taxes were up $28 million.

Sales taxes were $4 million below predictions, which state officials said may due to lower spending during a harsh winter.

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State officials warn not to draw long-term conclusions from monthly revenue reports.

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