- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
Missouri tax revenues lag behind budget
JEFFERSON CITY, Mo. -- Missouri revenues through the first eight months of this fiscal year remain below what's needed to balance the state budget.
The state Office of Administration reported Friday that net revenues from July through February increased about 2.4 percent over the same period a year earlier. The governor's office says the budget is based upon a 2.7 percent growth rate.
Most of Missouri's general revenue comes from individual income and sales taxes.
Sales taxes are up 4.4 percent compared to last year and individual income tax collections are up about 3.5 percent. However, corporate income taxes have decreased 11.9 percent.