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State revenues up 6.5% year-to-date

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Missouri's fiscal 2011 net general revenue collections through March are up 6.5 percent to $4.98 billion, compared to $4.68 billion at the same time last year.

March general revenue collections were $504.3 million, a 9.2 percent increase compared to collections of $461.7 million in March 2010, according to a news release from Linda Luebbering, state budget director.

The state's fiscal year began in July.

Gross tax collections in the first nine months of fiscal 2011:
  • Individual income tax collections increased 3.3 percent to $3.88 billion, compared to $3.76 billion at the same time last year.
  • Sales and use tax collections increased 0.7 percent to $1.35 billion, compared to $1.34 billion.
  • Corporate income and corporate franchise tax collections increased 8.2 percent to $331.1 million, compared to $306 million.
  • All other collections increased 16.5 percent to $382.5 million, compared to $328.5 million.
  • Refunds decreased 8.6 percent to $956.7 million, compared to $1.05 billion.
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