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10/10/2008 - STATE TAX COLLECTIONS CONTINUE TO TOP PROJECTIONS
Andy Brownell KROC-AM NEWS
The quarterly economic update from the Minnesota Finance Department says there is little doubt the U.S. economy is in a recession, but state tax collections continued to top expectations over the past three months. The report shows overall tax collections totaled almost $3.85 billion dollars for July, August, and September. That's about $58-million dollars, or 1.7-percent, above what was projected when the 2008 State Legislature adjourned in May. Sales tax revenues came in below estimates, while income tax and corporate tax payments were higher. The Finance Department report says most economic forecasters are predicting the downturn will be more painful than the recession that occurred following the 9-11 attacks and the slowdown in the early 1990s, but the current consensus is that conditions will not be as difficult as those experienced in the early 1980s, when unemployment topped 10-percent for 10 consecutive months. The next state revenue forecast is not due out until December, but some state officials are already speculating that it will project a billion dollar budget deficit for the next biennium.

10/10/2008 - WOMAN INJURED IN SUSPICIOUS INCIDENT DIES

It's not yet known if Wabasha County authorities will be filing charges in connection with the death of a 43-year-old Wabasha woman. Lisa Gerken died on Monday at Saint Mary's Hospital, where she had been in a coma since suffering severe injuries in an incident on September 15th that was termed "suspicious." Agents from the Minnesota Bureau of Apprehension were called in to help with the investigation, but officials have to publicly discuss the case.