State Releases March Revenue Report

6 years 1 month 2 weeks ago Tuesday, April 03 2012 Apr 3, 2012 Tuesday, April 03, 2012 9:24:00 AM CDT April 03, 2012 in News
By: KOMU Staff

JEFFERSON CITY - State Budget Director Linda Luebbering announced Tuesday that 2012 net revenue collections increased 2.5 percent when compared with last year, an increase from $4.94 billion to $5.06 billion.

The month of March saw the state collect three percent more than it did in the same month last year.

The state's general revenue fund borrowed $100 million from the budget reserve fund to help with cash flow, bringing the total borrowed to $325 million. The state constitution sets May 15th as the deadline for the state to repay those funds.

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