State's fiscal year off to encouraging start

Tuesday, August 5, 2008 | 1:36 p.m. CDT

JEFFERSON CITY - Missouri's new fiscal year is off to a good start.

The governor's Office of Administration said Tuesday that the state took in $507.2 million in July, the first month of the fiscal year. That's a 5.2 percent increase over $482.4 million during the same period last year.

July is typically the slowest month of the year for collections. Combined with the revenue surplus from the previous year, Missouri revenue needs to increase only 2.8 percent for the rest of the year to meet estimates for which this year's budget was based.

Income tax collections in July increased 7.3 percent from a year ago while sales and use tax collections jumped 6.4 percent. Corporate taxes declined 35.2 percent.



Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.