Mo. revenue declines for second straight month

Monday, October 6, 2008
JEFFERSON CITY, Mo. (AP) — Missouri revenue declined for the second straight month in September. State figures released Friday show that net general revenue for September was down by 1.2 percent compared with September 2007. Through the first three months of the fiscal year, revenue was 0.9 percent behind 2007. Commissioner of administration Larry Schepker said that the declining revenue is concerning but not unexpected because of the national economy. For the first quarter, individual income taxes were up 2.3 percent. But they were down 2.6 percent when comparing September to the same month last year. Sales and use taxes were down by 3.6 percent for the quarter. But the September-to-September comparison was up 15 percent.