Wednesday, May 19, 2010

Missouri Office of Administration - State Revenue Report April 2010


 MISSOURI OFFICE OF ADMINISTRATION

 APRIL 2010 GENERAL REVENUE REPORT

Jefferson City - - State Budget Director Linda Luebbering announced today that 2010 fiscal year-to-date net general revenue collections declined 11.7 percent compared to fiscal year 2009, from $6.4 billion last year to $5.7 billion this year. 
Net general revenue collections for April 2010 decreased by 3.6 percent compared to those for April 2009, from $1.0 billion to $986.8 million.
Director Luebbering also noted the state has repaid the entire $520 million that was borrowed for cash flow purposes from the Budget Reserve Fund, several weeks ahead of the Constitutional deadline of May 15.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
  • Decreased 8.9 percent for the year, from $5.06 billion last year to $4.61 billion this year.
  • Decreased 6.5 percent for the month.
Sales and use tax collections
  • Decreased 6.5 percent for the year, from $1.57 billion last year to $1.46 billion this year.
  • Decreased 3.0 percent for the month.
Corporate income and corporate franchise tax collections
  • Decreased 8.3 percent for the year, from $441.2 million last year to $404.4 million this year.
  • Increased 7.5 percent for the month.
All other collections
  • Decreased 7.7 percent for the year, from $392.3 million last year to $362.3 million this year.
  • Decreased 9.3 percent for the month.
Refunds
  • Increased 12.8 percent for the year, from $1.04 billion last year to $1.17 billion this year.
  • Decreased 15.0 percent for the month.

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