St. Paul, MN (KROC-AM News) - State tax collections for the first month of the new fiscal year were about 3- percent higher than expected.

The Minnesota Department of Management and Budget is reporting that overall tax collections in July totaled just over a billion dollars, which exceeded the level predicted by the most recent state revenue forecast by $30-million dollars.

Revenues from the state sales tax and individual income tax payments were both stronger than expected.

When the previous fiscal year ended last month, the state had a surplus of of $555 million.

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