Missouri News: State Releases November 2018 General Revenue Report

Missouri News: State Releases November 2018 General Revenue Report

JEFFERSON CITY, MO – Missouri State Budget Director Dan Haug announced today net general revenue collections for November 2018 decreased 9.1 percent compared to those for November 2017, from $743.8 million last year to $676.5 million this year.

Net general revenue collections for 2018 fiscal year-to-date decreased 4.9 percent compared to November 2017, from $3.62 billion last year to $3.44 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Decreased 4.3 percent for the year, from $2.69 billion last year to $2.57 billion this year.
Decreased 7.1 percent for the month.

Sales and use tax collections

Increased 2.5 percent for the year, from $888.3 million last year to $910.7 million this year.
Decreased 5.0 percent for the month.

Corporate income and corporate franchise tax collections

Increased 5.3 percent for the year, from $137.8 million last year to $145.2 million this year.
Increased 53.0 percent for the month.

All other collections

Decreased 14.3 percent for the year, from $167.5 million last year to $143.6 million this year.
Decreased 60.4 percent for the month.

Refunds

Increased 26.5 percent for the year, from $257.9 million last year to $326.2 million this year.
Decreased 1.4 percent for the month.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.


SOURCE: news provided by OA.MO.GOV