State Releases April 2017 General Revenue Report

May 3, 2017

JEFFERSON CITY - Acting State Budget Director Dan Haug announced today that 2017 fiscal year-to-date net general revenue collections increased 3.1 percent compared to 2016, from $7.4 billion last year to $7.6 billion this year.

Net general revenue collections for April 2017 decreased by 3.3 percent compared to those for April 2016, from $1.2 billion to $1.17 billion.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 2.7 percent for the year, from $5.97 billion last year to $6.13 billion this year.
Decreased 3.6 percent for the month.

Sales and use tax collections
Increased 1.9 percent for the year, from $1.72 billion last year to $1.75 billion this year.
Decreased 1.5 percent for the month.

Corporate income and corporate franchise tax collections
Decreased 14.9 percent for the year, from $381.4 million last year to $324.6 million this year.
Increased 40.4 percent for the month.

All other collections
Increased 14.5 percent for the year, from $341.5 million last year to $391.1 million this year.
Increased 6.5 percent for the month.

Refunds
Decreased 4.3 percent for the year, from $1.0 billion last year to $957.8 million this year.
Increased 22 percent for the month.

Acting Director Haug noted the General Revenue Fund repaid the $500 million borrowed from the Budget Reserve Fund during fiscal year 2017, well ahead of the Constitutional deadline of May 15th.

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