Monday, August 17, 2009

State Releases July 2009 General Revenue Report

Missouri Office of Administration - Press Release  

 

State Budget Director Linda Luebbering announced today that July 2009 net general revenue collections declined 7.5 percent compared to July 2008, from $507.2 million last year to $469.1 million this year.  July is the first month of Fiscal Year 2010.

 

 

GROSS COLLECTIONS BY TAX TYPE

 

Sales and use tax collections

 

  • Decreased 9.5 percent from $156.4 million last year to $141.6 million this year.

 

Individual income tax collections

 

  • Decreased 5.9 percent from $346.3 million last year to $325.9 million this year.

 

Corporate income and corporate franchise tax collections

 

  • Increased 28.4 percent from $17.8 million last year to $22.9 million this year.

 

All other collections

 

  • Decreased 7.6 percent from $26.7 million last year to $24.7 million this year.

 

Refunds

 

  • Increased 14.7 percent from $40.1 million last year to $46.0 million this year.

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