The Minnesota Management & Budget office reports that state revenue in February and March was 6 percent higher than projected.
Says the department's April update:
Minnesota’s net general fund revenues totaled $2.570 billion during February and March, $145 million (6.0 percent) more than forecast in February.
...Individual income tax receipts were $57 million (4.9 percent), more than anticipated. Higher than expected withholding receipts accounted for all the additional revenue. Much of that variance may reflect only one-time differences in the timing of receipts and not a stronger than anticipated economy.
The update also included good news on the state jobs front:
Strong employment growth in January and February has boosted Minnesota payroll employment to 2.780 million according to reports from the U.S. Department of Labor, 8,000 more jobs than at the start of the recession in December 2007. Minnesota payrolls are now within 1,000 jobs of their February, 2008 all-time high. More than 150,000 jobs were lost in Minnesota during the Great Recession. Nationally the employment recovery has not progressed as far. To date only about two-thirds of the 8.7 million jobs lost have come back.