Missouri revenue

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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.

(Marshall Griffin/St. Louis Public Radio)

Several groups critical of the no new taxes stance of both Democratic Governor Jay Nixon and Republican legislative leaders held a bake sale today at the Missouri Capitol.

The event was held to highlight what the participants say is a lack of effort to explore new ways to raise revenue.  Sean Nicholson is with the group Progress Missouri.

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Missouri's revenues are up over last year - they're just not growing fast enough to keep the state's budget in balance.

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The St. Louis region is kicking off what the St. Louis Sports Commission is calling its version of "March Madness." Beginning with the Missouri Valley Conference men's basketball tournament this weekend, the area will host four straight weeks of college sports tournaments.

The region will also host the MVC women's basketball tournament from March 8-11 at The Family Arena, the NCAA Division 1 wrestling championships from March 15-17 and the NCAA Division 1 men's basketball regional on March 23 and 25.

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Halfway through Missouri's budget year, state revenues are sluggish.

The state budget office reported Thursday that Missouri's revenue increased 1.2 percent through the first six months of the 2012 fiscal year. Revenues need to grow at about 2.7 percent to meet the mark set by the budget.

Budget Director Linda Luebbering says the revenue report was "concerning." But she noted that the revenue could improve in the second half of the budget year. Missouri budgets take effect July 1.

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Missouri officials are predicting a 3.9 increase in state revenue in the next fiscal year.

The so-called consensus estimate of general state revenue for the budget year that begins in July was released Wednesday. The estimate predicts total revenue of roughly $7.6 billion in the 2013 fiscal year.

The estimate is calculated by state and outside experts and agreed to by the governor and key legislators. It's one factor in developing Missouri's next state budget.

Gov. Jay Nixon is scheduled to release his budget proposal in January.

(via Flickr/_J_D_R)

Missouri's revenues have fallen slightly short of what's needed to meet the budget through the first third of the state fiscal year.

Figures released Wednesday by the state Office of Administration show general revenues rose 1.2 percent through October compared with the same point in the previous fiscal year.

State budget director Linda Luebbering says revenues need to grow at around 2 percent to meet the mark set by the budget.

(via Flickr/kevindooley)

A new report says Missouri's revenues are up 1.9 percent in the current fiscal year compared with the same time last year.

Tuesday's figures from the state Office of Administration cover the first three months of the 2012 budget year, which began July 1.

The report shows individual income taxes up 2.2 percent and sales tax revenue up 3.1 percent over the same period a year ago.

But corporate tax collections from July through September are down more than 20 percent.

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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.

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Mo. Gross Revenue Up Slightly

Missouri’s gross revenue collection in July was up by .6 percent as compared to July 2010.

The revenue increase is driven by strong individual income tax collection, which was up 9.3 percent over the same time last year. Sales taxes remain stagnant, according to state budget director Linda Luebbering. She blames low sales tax collection on a stubbornly high unemployment rate.

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