Missouri Revenue Up 7.9 Percent Through First 6 Months

JEFFERSON CITY, Mo. (AP) — Missouri revenues are up 7.9 percent through the first half of the state’s current budget year.

Figures released Friday by the Office of Administration show net general collections totaled $3.77 billion from July through December, compared with $3.49 billion in the same period a year earlier.

Collections from individual income taxes are up 5.7 percent compared with last year, while payouts for tax refunds are down by nearly 22 percent. Revenue from sales taxes is up 0.3 percent.

Budget Director Linda Luebbering says the revenue figures show Missouri’s economy is improving. But she also says budget officials anticipate the growth could decline somewhat during the second half of the fiscal year.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

KMOX Podcasts
As Heard On KMOX

Listen Live