MO Releases 2011 Revenue Report

6 years 11 months 3 weeks ago Friday, July 01 2011 Jul 1, 2011 Friday, July 01, 2011 2:29:40 PM CDT July 01, 2011 in News

JEFFERSON CITY - State Budget Director Linda Luebbering announced today that Fiscal Year 2011 ended with net general revenue collections increasing by 5.9 percent compared to 2010. Revenue increased from $6.77 billion last year to $7.18 billion this year.

Net general revenue collections for June alone increased by 47.2 percent, from $492.2 million to $724.4 million.

Individual income tax collections
• Increased 2.7 percent for the year, from $5.48 billion last year to $5.63 billion this year.
• Increased 5.4 percent for the month.

Sales and use tax collections
• Increased 1.0 percent for the year from $1.79 billion last year to $1.81 billion this year.
• Increased 8.7 percent for the month.

Corporate income and corporate franchise tax collections
• Increased 7.0 percent for the year, from $502.2 million last year to $537.3 million this year.
• Decreased 8.4 percent for the month.

All other collections
• Increased 14.5 percent for the year, from $465.8 million last year to $533.2 million this year.
• Decreased 17.5 percent for the month.

Refunds
• Decreased 9.0 percent for the year, from $1.47 billion last year to $1.34 billion this year.
• Decreased 79.8 percent for the month.

 

 

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