Missouri revenue

Missouri Revenues
5:22 pm
Mon November 4, 2013

Mo. Revenues Up 2.5 Percent So Far For Fiscal Year 2014

Mo. Capitol
Marshall Griffin/St. Louis Public Radio

Missouri's revenue picture continues to improve for the current fiscal year.

As of July 1st, Missouri's tax collections have increased by 2.5 percent over what they were at this time a year ago, from $2.42 billion to $2.48 billion.  Individual income tax collections are up by 3.8 percent, while corporate and franchise tax collections have risen by 26.4 percent.  Sales tax collections since July 1st have increased to nearly $645 million.

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Missouri State Revenues
5:18 pm
Tue June 4, 2013

Missouri Revenue Growth Slows A Bit, But Still Trending Upwards

via Flickr/yomanimus

Revenue collections in Missouri slowed a bit last month, but continued their overall upward trend.

From July of 2012 through the end of May, the state took in $7.3 billion in revenues, an increase of 10.4 percent from May of 2012.  The year-to-date increase from April of this year, though, was 11.2 percent.  Missouri Budget Director Linda Luebbering blames it on a drop in sales tax collections.

"People are still a little bit concerned about spending a lot of money, given the economy and the uncertainty at the national level," Luebbering said.

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Mo. Budget Surplus
4:46 pm
Thu May 2, 2013

Mo. House Adds Gov. Nixon's Amendment To Capital Improvements Bill

Mo. Capitol
Marshall Griffin/St. Louis Public Radio

The Missouri House has adopted Governor Jay Nixon’s (D) proposal announced Thursday to add $86 million to a capital improvements bill.

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Missouri revenues
5:38 pm
Fri January 4, 2013

Missouri Revenues Grow During First Half Of FY2013

flickr/yomanimus

While 2013 began just a few days ago, Missouri's Fiscal Year is now half-over, and so far officials say it's been a good one.


The latest numbers from Governor Jay Nixon's Budget Office show a 7.9 percent increase in revenue collections from July to December, as compared to the same 6-month period a year ago. 


At that time, the Show-Me State had collected around $3.49 billion in revenues.  A year later, collections stand at $3.77 billion.  Budget Director Linda Luebbering credits an improved economy.
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Missouri economy
6:43 am
Wed January 2, 2013

Conservative Group Wants Any Budget Surplus Given Back To Mo. Taxpayers, Rainy Day Fund

via Flickr/yomanimus

A conservative group is calling on Governor Jay Nixon (D) and Missouri lawmakers to return any budget surplus there may be next year to taxpayers.

Nixon and GOP legislative leaders are expecting a 3.1 percent growth in state revenues during the next fiscal year.  Patrick Werner heads the Missouri Chapter of Americans for Prosperity, which advocates for fiscally conservative practices.  He says any left over money should either be returned to taxpayers or socked away in the state’s Rainy Day fund.

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Missouri Economy
5:20 pm
Tue December 18, 2012

Report: Growth Expected For Missouri Economy Next Year

(via Flickr/MoneyBlogNewz)

Missouri’s economy is expected to grow next year, according to the annual revenue estimate released Tuesday by the Governor’s office and key legislative leaders.

Democratic Governor Jay Nixon, along with GOP Budget chairs Rick Stream from the House and Kurt Schaefer from the Senate, say that the state’s economy will grow by just over 3 percent during the next fiscal year.  The economic growth rate is actually estimated to be 4.8 percent – but the loss of one-time revenue sources from Washington and other factors lower it to the 3 percent net rate.

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Black Friday 2012
5:01 pm
Fri November 2, 2012

Mo. State Workers To Get Black Friday Off This Year

Mo. Capitol
Marshall Griffin/St. Louis Public Radio

Governor Jay Nixon (D) has decided to let state employees take the day after Thanksgiving off work this year.


The state’s latest general revenue report show that Missouri collected 7.5 percent more money last month than it did in October of last year, and State Budget Director Linda Luebbering says that’s part of the reason why state workers will get to stay home on November 23rd.

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MO Statehouse
10:25 pm
Tue July 3, 2012

Mo. revenues higher than expected for 2012 budget

(via Flickr/kevindooley)

Missouri closed out its 2012 fiscal year with slightly better-than-expected revenues. But that doesn't necessarily translate to a budget surplus.
 
Figures released Tuesday show Missouri had more than $7.3 billion in general revenues during the fiscal year that ended June 30. That's up more than 3.2 percent compared with the 2011 fiscal year. And it's also better than the 2.7 percent growth rate upon which the budget had been based.

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Missouri revenues
12:01 pm
Tue June 5, 2012

Mo. revenues ahead of projections, up 3.4 percent

Missouri’s revenues rose more than expected during the month of May.

The state collected about $6.6 billion in revenue last month, compared to just under $6.4 billion in May of 2011.  Governor Jay Nixon’s Budget Director, Linda Luebbering, credits most of the improvement to higher collections of state income and sales taxes.

“That's the good news, things are picking up,"  Luebbering said.  "I think we do have to be cautious, still, because of what’s going on at the national and particularly the international picture, with European Union issues and everything that's going on globally that could have some bearing on the overall economy.”

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Missouri revenues
10:24 am
Wed May 2, 2012

Mo. tax revenue performance improves

(via Flickr/401K)

For the first time this fiscal year, Missouri's state revenues are growing above the rate needed to balance the budget.

The state Office of Administration released figures on Wednesday that show Missouri's net revenues were up 3.1 percent through April - or the first 10 months of the fiscal year. The 2012 budget is based on 2.7 percent growth.

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