Budget director: Missouri revenue collections up 7.5 percent
JEFFERSON CITY, Mo. (AP) _ The state budget director says Missouri’s general revenue collections are up 7.5 percent compared with 2014.
Budget Director Linda Luebbering on Tuesday reported revenues are up to $7.87 billion this year. The state brought in $7.32 billion last fiscal year.
That’s slightly down from the 7.7 percent year-to-date growth shown when revenues last were assessed through April.
Collections in May increased compared with collections this time last year. Those are up 5.7 percent, from roughly $614 million to nearly $650 million.
Corporate income and corporate franchise tax collections grew more than 44 percent last month.