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Missouri revenues down 13 percent this fiscal year

Friday, April 2, 2010 | 4:38 p.m. CDT

JEFFERSON CITY — Missouri's revenues are down 13.2 percent through the third quarter of its budget year.

Figures released Friday by the Office of Administration show that Missouri's sales tax collections have now fallen for 10 straight quarters. Individual income tax collections also remain down for the year, although they increased some in March.

Missouri's fiscal year began in July and runs through June 30.

March revenues dropped 17.8 percent compared with March 2009. One reason is that Missouri is paying income tax refunds more quickly. Last year, refunds were delayed to cope with cash-flow problems.

 


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