Budget director: Missouri revenue collections up 7.5 percent

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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.

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