Minnesota’s net general fund receipts totaled $2.592 billion during the months of February and March 2020, or $103 million (3.8 percent) less than projected in the February 2020 Budget and Economic Forecast. Total net receipts for March were $1.581 billion, $62 million (3.8 percent) less than forecast. This shortfall reflects the pace of income tax refund processing, payment delays, and the beginning of the impact of deteriorating economic conditions on state tax revenues.

View complete April 2020 Revenue and Economic Update, including tabular data