taxes

If you're a renter here in the state of Minnesota, there's a new change coming next year that could affect you and your tax refund.

Minnesota income, sales, and corporate tax collections were lower than predicted.

The charges say the Minnesota Department of Revenue received an anonymous tip that he had allegedly not filed tax returns for six years.

The 2024 election results are finally in.

A new economic report issued by the state also projects stronger-than-expected economic conditions through next year.

Minnesota ranked 11th and was given a “B” grade with $1,000 of taxpayer surplus per taxpayer in Truth in Accounting’s Financial State of the States report.

The amount taken in was significantly above what was budgeted for the month of August.

The City Council will be asked to certify the preliminary 2025 property tax at Monday's regular meeting.

Minnesota recently finished previous fiscal year with revenues $421 million higher than forecast.

The price tags of the three properties range from about $2.7 million to more than $6.3 million.

Much of the higher than predicted revenue came from income tax and corporate tax payments.

The proposal would help spur the construction of about 200 new single-family homes priced at between $368,000 and $479,000.

Individual income tax collections led the way.

Individual income and corporate taxes missed the target.