Amid all the DFL’s bragging about the economy – which Bill Glahn dispensed with earlier this week – let’s note that for the fifth straight month, tax receipts are off.
And not by just a little bit (emphasis added):
Minnesota’s tax collections for July have come in $69 million below expectations.
The Department of Minnesota Management and Budget released its monthly revenue Monday. It shows the state took in 6.6 percent less than was forecast.
And in the wake of the DFL’s bragging about the state’s ostensible unemployment rate?
The shortage was most acute in the area of individual income taxes, which were off by $36 million. Officials say some could be attributed to timing of tax payments or refunds.
Sure. Some of it could.
But most of it is attributed to the fact that under DFL rule, the state’s economy is slumping. Slowly – it’s a gradual thing, as economic trends always are – but definite.
And all the DFL’s happy talk is fermented BS.