JEFFERSON CITY — State revenue growth is back on track to meet budget projections.
The state collected $7.2 billion in May, which is 3.6 percent higher than a year ago and also higher than the 3.1 percent growth rate anticipated by the budget.
That’s a turnaround from April, when total revenue growth dwindled to just less than 2 percent.
Individual income tax collections for May rebounded partly because taxpayers in 35 Missouri counties approved for federal flood disaster assistance had been given a tax filing extension.
But sales and use taxes declined sharply in May, down more than 15 percent compared with a year ago.