Minnesota's tax collections in October beat targets by more than $56 million.

But budget officials are warning not to read too much into the monthly revenue statements.

Officials said Tuesday the Minnesota Department of Revenue collected $1.6 billion in October, nearly 4 percent higher than forecast.

The Star Tribune reports individual income taxes, sales taxes, corporate income taxes and other revenue all beat expectations.

But officials caution that the monthly revenue statements can vary wildly based on a range of factors, including timing of tax payments.