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Mo. sales tax revenue show signs of improvement

Friday, June 4, 2010

JEFFERSON CITY, Mo. -- Missouri tax revenue is showing some signs of improvement.

The state Office of Administration said Thursday that sales taxes collections increased by about 9 percent in May compared with the same month a year ago.

If that growth continues next month, it could break a streak of 10 straight quarters of declining sales tax revenue.

Individual income tax collections in May were about the same as they were a year ago.

Overall, Missouri's net general revenue still was down about 8 percent through the first 11 months of its fiscal year. The state budget year ends June 30.

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