Missouri Revenue Collections Are Up 7.5 Percent

Andrew Magill

 The state budget director reports Missouri's general revenue collections are up 7.5 percent compared with 2014.

Budget Director Linda Luebbering on Tuesday reported revenues are up to $7.87 billion this year. The state brought in $7.32 billion last fiscal year.

That's slightly down from the 7.7 percent year-to-date growth shown when revenues last were assessed through April.

Collections in May increased compared with collections this time last year. Those are up 5.7 percent, from roughly $614 million to nearly $650 million.

Corporate income and corporate franchise tax collections grew more than 44 percent last month.

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