Missouri General Revenue Report Released

Missouri released their General Revenue Report for May.

Missouri’s general revenue went down 10.5 percent when compared to last May, going from $1.78 billion last year to $1.59 billion this year.

The net general revenue year-to-date is still 5.3 percent higher when compared to last May, from $11.41 billion to $12.01 billion.

Missouri’s individual income tax collections were down for the month by 19 percent. Sales and use tax collections were up by 2.8 percent. Corporate income and corporate franchise tax collections were up by 2.8 percent for the month.