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St. Paul, Minn. (AP)

Minn. collects more taxes than expected in August

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Minnesota taxes continued to come in stronger than expected in August.

The state's Management and Budget agency said Friday that tax collectors took in nearly $19 million more than projected for the month. That beat the estimates by 1.7 percent as corporate income taxes topped expectations.

State revenues totaled $1.08 billion for the month.

Minnesota now has nearly $60 million more in revenue than its own estimates anticipated for the fiscal year that started in July.

The numbers are only a partial measure of the state's financial health because they don't include an update on spending. The full picture of the state's finances won't be clear until a full budget forecast in late November.

(Copyright 2010 by The Associated Press. All Rights Reserved.)