Today the state released the July General Revenue Report (online here). Please contact Linda Luebbering for questions.
For Immediate Release Contact: Linda Luebbering
August 4, 2014 573-751-2345
State Releases July 2014 General Revenue Report
JEFFERSON CITY – State Budget Director Linda Luebbering announced today that July 2014 net general revenue collections increased 6.5 percent compared to July 2013, from $481.4 million last year to $512.9 million this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 9.2 percent for the year, from $341.9 million last year to $373.4 million this year.
Sales and use tax collections
- Decreased 0.2 percent for the year from $151.3 million last year to $150.9 million this year.
Corporate income and corporate franchise tax collections
- Decreased 7.2 percent for the year, from $18.6 million last year to $17.2 million this year.
All other collections
- Increased 32.6 percent for the year, from $15.4 million last year to $20.4 million this year.
Refunds
- Increased 7.3 percent for the year, from $45.6 million last year to $49.0 million this year.
Director Luebbering also noted the General Revenue Fund borrowed $200 million from the Budget Reserve Fund for cash flow purposes. The funds will be repaid before the Constitutional deadline of May 15, 2015.
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Ryan Burns
Public Information Officer
State of Missouri Office of Administration
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