Missouri's revenue looking up in fiscal 2011

Monday, October 4, 2010 | 7:30 p.m. CDT; updated 9:35 p.m. CDT, Monday, October 4, 2010

JEFFERSON CITY — State revenue rose in Missouri for the first quarter of the fiscal year, helped by strong collections in September.

Figures released Monday by the state Office of Administration show net general revenue was up 2.6 percent from July through September compared with the same period a year ago.

In September alone, it rose 9.1 percent, compared with September 2009.

That's a reversal from what Missouri had been experiencing. During the past two fiscal years, revenue declined by about 15 percent.

Some of the biggest increases so far in the 2011 fiscal year have occurred in corporate income taxes. Individual income tax collections were up slightly. Quarterly sales tax collections were still down slightly compared with the previous year.

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