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Missouri revenues up 2 percent over last year

Tuesday, March 4, 2014 | 3:27 p.m. CST; updated 6:31 p.m. CST, Tuesday, March 4, 2014

JEFFERSON CITY — A new report shows Missouri revenues were up slightly as the state reached the two-thirds mark of its budget year.

State figures released Tuesday show that Missouri's net general revenues had risen 2 percent through February compared with the same point the previous fiscal year.

Sales taxes were up by more than 4 percent and individual income taxes were up 2.5 percent. But those gains were partially offset by a growth in tax refunds.

The 2 percent overall revenue growth matches the forecast embraced by the Republican-led Legislature but is slightly less than what Democratic Gov. Jay Nixon's administration projected.

Missouri's 2014 budget year began last July and runs through June 30.


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