Tagged: Missouri revenue

Missouri tax revenue is higher than last year, but a dip in individual income tax collections last month has prompted some concern.

Eleven months through the current budget year, revenue has increased from last year by 2.7 percent to $6.5 billion. However, the state Office of Administration reported Thursday that individual income tax collections were down 1.4 percent from May 2011 to May 2010.

Missouri's tax revenues are up 6.5 percent with only one-quarter of the budget year to go.

Figures released Monday by the state Office of Administration show the growth fueled by stronger individual and corporate income tax collections than during the 2010 fiscal year. A decline in tax refunds also has contributed to the growth in state revenues.

A judge has issued a temporary restraining order to prevent the Illinois State Police from releasing the names of registered gun owners in the state - something the agency doesn't want to do anyway.

The order was handed down Friday in Peoria. It is the latest chapter in a battle between the state's attorney general and police force over the release of names of the state's Firearm Owners Identification cardholders.

Governor Jay Nixon and the chairmen of the state House and Senate appropriations committee have come to an agreement on the amount of money available for the budget year that starts in June 2011 (FY 2012).

The projected revenue estimate is made every December, and is the figure the governor and lawmakers use to craft budget proposals.