Coronavirus continues to hit Missouri revenues
JEFFERSON CITY (AP) — Revenue collections in Missouri continue to drop because of the coronavirus.
State Budget Director Dan Haug on Friday said as of May, net general revenue collections were down more than 7% this year compared to last year.
Revenues dropped significantly last month because of the coronavirus pandemic. In May alone, net general revenues decreased more than 22% compared to May 2019.
Missouri Gov. Mike Parson has cut close to $428 million in state government spending this year to compensate.