custom ad
NewsJune 6, 2012

JEFFERSON CITY, Mo. -- Missouri's tax revenue is running a little ahead of projections heading into the final month of the state budget year. Figures released Tuesday by the state Office of Administration show general revenue is up 3.4 percent compared to 2011. That's ahead of the projected 2.7 percent growth upon which the 2012 budget was based...

The Associated Press

JEFFERSON CITY, Mo. -- Missouri's tax revenue is running a little ahead of projections heading into the final month of the state budget year.

Figures released Tuesday by the state Office of Administration show general revenue is up 3.4 percent compared to 2011. That's ahead of the projected 2.7 percent growth upon which the 2012 budget was based.

Receive Daily Headlines FREESign up today!

Missouri's 2012 fiscal year begins July 1 and ends June 30.

Sales and use tax collections were up 4.7 percent through May. Individual income tax collections were 3.4 percent through the first 11 months of the fiscal year. The state's bottom line also was helped by the fact that it has paid out fewer tax refunds than last year.

Corporate income taxes were down 9.9 percent for the year.

Story Tags
Advertisement

Connect with the Southeast Missourian Newsroom:

For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.

Advertisement
Receive Daily Headlines FREESign up today!