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Missouri Revenue Falls in May


Jefferson City, Mo. – Missouri state revenue collections fell by double-digit figures in May. But officials say that's no cause for concern because numbers are still up for the year.

Net general revenue for May fell 14 percent, to $406 million, compared with May 2003.

But budget director Linda Luebbering says that's because more tax refunds were paid in May, whereas many weren't completed until June last year.

For the first eleven months of the fiscal year, net revenues have increased 3.2 percent.

That figure excludes a one-time $95 million federal government grant.

Luebbering and legislative leaders say they remain confident about the current budget and the new budget plan for the fiscal year that begins in July.


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