Minnesota’s net general fund receipts totaled $3.701 billion during the months of November and December 2016, or $29 million (0.8 percent) less than projected in the November 2016 Budget and Economic Forecast. Lower than expected individual and corporate income taxes offset sales and other tax receipts that were ahead of forecast. The negative variance for the period was primarily generated in December, as November receipts fell only slightly below forecast.

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