YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

State's net general revenue drops in July

Posted online
For the first month of Missouri’s fiscal 2011, net revenue collections dropped 4.2 percent compared to the same month a year ago, State Budget Director Linda Luebbering announced this morning.

Net general revenue collections in July were $449.3 million, down from $469.1 million in July 2009, according to a news release from the state Office of Administration.

By collection type:
  • Individual income tax collections dropped 0.6 percent to $323.9 million;
  • Sales and use tax collections dropped 9.7 percent to $127.8 million;
  • Corporate income and corporate franchise tax collections increased 14.7 percent to $26.3 million; and
  • All other collections increased 41.8 percent to $35 million.

Refunds also increased and were up 38.5 percent to $63.7 million for the month, the release said.[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Finley River Chiropractic

Adrianna Norris became a first-time business owner with the opening of Finley River Chiropractic; PaPPo’s Pizzeria & Pub launched its newest location; and Huey Magoo’s opened its second store in the Ozarks.

Most Read
Update cookies preferences