Mo. Revenue Up 4 percent in First 2 Budget Months
JEFFERSON CITY, Mo. (AP) -- Strong sales tax collections in
August helped Missouri's revenues rise more than 4 percent during
the first two months of the state's budget year.
Figures released Friday by the state Office of Administration
show August sales tax revenues were up 9.6 percent over the same
month a year ago.
Corporate tax collections also rose while tax
refunds fell. That helped offset a slight decline in individual
income tax collections and produced a net revenue increase of 6.9
percent for August.
Missouri's 2012 fiscal year began July 1.
Through the first two months of the budget year, revenues were
up 4.2 percent. Sales taxes and individual income taxes both rose
compared to the first two months of the previous year.