State revenue up by more than 6 percent

Thursday, September 7, 2006

JEFFERSON CITY, Mo. -- The state's financial picture is off to a good start, with the Office of Administration announcing Wednesday that net revenue has increased more than 6 percent in the first two months of the state's fiscal year. Net state revenue increased from $1.04 billion to $1.1 billion through August, the office said. State revenue minus refunds for August was $649.7 million, up 7.1 percent from August 2005. Administration commissioner Mike Keathley said Missouri's economy continues to be strong despite high energy and gas costs in recent months. But he also cautioned that on a national scale, the economy is expected to slow in coming months.

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