Tuesday, November 24, 2009

Missouri General Revenue Report Highlights 2009

State Releases October 2009 General Revenue Report
October 09 GR



State Budget Director Linda Luebbering announced today that 2010 fiscal year-to-date net general revenue collections declined 10.8 percent compared to fiscal year 2009, from $2.41 billion last year to $2.15 billion this year.



Net general revenue collections for October 2009 decreased by 14.0 percent compared to those for October 2008, from $514.8 million to $442.7 million.

GROSS COLLECTIONS BY TAX TYPE




Individual income tax collections

* Decreased 8.3 percent for the year, from $1.68 billion last year to $1.54 billion this year.
* Decreased 8.6 percent for the month.




Sales and use tax collections

* Decreased 10.8 percent for the year, from $645.1 million last year to $575.1 million this year.
* Decreased 24.4 percent for the month.




Corporate income and corporate franchise tax collections

* Decreased 12.3 percent for the year, from $151.8 million last year to $133.1 million this year.
* Decreased 26.2 percent for the month.




All other collections

* Decreased 8.3 percent for the year, from $135.5 million last year to $124.3 million this year.
* Increased 2.0 percent for the month.




Refunds

* Increased 10.9 percent for the year, from $202.4 million last year to $224.6 million this year.
* Decreased 5.9 percent for the month.

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