Minnesota Management & Budget Economic Update

July 16, 2013 at 5:34 pm

mmb_logoState General fund revenues in Fiscal 2013 are now estimated to be 9.2% greater than in Fiscal 2012
  • Both individual and corporate income tax receipts exceeded forecast
  • Sales tax receipts fell below projections
  • Other tax and non-tax revenues were also above forecast

U.S. Economic Outlook for Fiscal Year 2014-15 is much the same as in February

  • Even though signs of strength are evident, real GDP growth continues to be disappointing.
  • Forecasters expect slow growth to continue through the second half of 2013.
  • The short-term growth outlook is further clouded by ambiguities surrounding future actions by the Federal Reserve

Read the brief July, 2013 MMB Economic Update

Entry filed under: Featured Articles, Public Policy | Government Affairs.

Leasehold Improvements U.S. Supreme Court decision: Koontz v. St. Johns River Water Management District

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