taxes

Minnesota ended its last fiscal year with nearly $1 billion more than predicted in its general fund account.

Higher than expected income tax payments accounted for most of the increase.

It was the first month of the new fiscal year for the State of Minnesota.

The county's $10 wheelage tax will double next year.

Higher-than-expected income tax payments paved the way.

Many Minnesota residents are eligible to receive up to $3,000.

The State is on track to finish the fiscal year with revenues above the forecast by more than $650 million.

The positive report was issued as the State Legislature and the Governor are attempting to negotiate the next state budget.

The state's economic forecasting consultant is reporting a growing risk for a potential recession.

The positive report followed a recently released revenue forecast that predicts a nearly $6 billion budget deficit.