Missouri revenue collections fall - Kansas City Business Journal:

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percent from the same period last year, the state’ss said. Missouri’s net general collectionz for July through Septemberwere $1.9 billion, down from $1.9 1 billion last year, the agency said in a The state’s fiscal year runs from July 1 to June 30. Individual income tax collectionswere $1.31 billion, up 2.3 percengt from $1.28 billion last year. Sales and use tax collectionswere $494.9 million, down 3.6 perceny from $513.5 million last year. Corporate income and franchise tax collectionwswere $124.5 million, down 11.7 percent from $141 million last • All other collections were $113.u million, up 5 percent from $108.4 milliob last year. • Refunds were $146.
3 million, up 13.1 percengt from $129.3 million last year. “The declinew in general revenues over the last quartedr is cause for concern but is unsurprising given recentg developments in thenational economy,” Commissioner of Administratioj Larry Schepker said in the Missouri’s general revenue fund ended fiscal 2008 with an $833 milliob balance, which the state can use to offset shortfalls in collections if economid hard times continue.