State Revenue Up in July

1 decade 3 years 1 month ago Monday, August 06 2007 Aug 6, 2007 Monday, August 06, 2007 11:34:44 PM CDT August 06, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - State officials say Missouri started the new fiscal year off strong in July with revenues increasing 6.4 percent. They said the state collected more than $482 million during the month. The fiscal year runs from July to June. Individual income tax collections increased almost 4 percent to $322.7 million. Sales tax collections rose 10.7 percent to $147 million. Corporate income taxes and other taxes also went up in July. Administration Commissioner Mike Keathley says because the previous fiscal year was so strong, Missouri revenues need to grow by only 2.6 percent to meet what state budget writers were expecting.

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