Minnesota’s net general fund receipts for FY24 are now estimated to total $30.2 billion, $421 million (1.4%) more than projected in the February forecast. Net income, corporate, and other receipts were above and net sales receipts were slightly (0.4%) below the forecast. State revenues in the final quarter of FY24 were $180 million (2.0%) more than forecast in February.

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Note: All results are preliminary and subject to revision. Monthly revenue variances should be interpreted with great caution. Wide swings in variances may be caused by variations in the rate at which receipts are received and processed and differences in the rate at which refunds are issued.