JEFFERSON CITY, MO -- State Budget Director Linda Luebbering announced today that 2013 fiscal year-to-date net general revenue collections increased 6.6 percent compared to 2012, from $1.09 billion last year to $1.16 billion this year. 

Net general revenue collections for August 2012 increased by 2.8 percent compared to those for August 2011, from $634.8 million to $652.6 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

• Decreased 1.2 percent for the year, from $773.8 million last year to $764.4 million this year.
• Increased 0.7 percent for the month. 

Sales and use tax collections

• Increased 5.7 percent for the year, from $321.0 million last year to $339.4 million this year.
• Decreased 0.2 percent for the month. 

Corporate income and corporate franchise tax collections

• Decreased 3.1 percent for the year, from $28.8 million last year to $27.9 million this year.
• Decreased 17.3 percent for the month.

All other collections

• Increased 52.9 percent for the year, from $72.9 million last year to $111.4 million this year.
• Increased 10.8 percent for the month. 

Refunds

• Decreased 22.5 percent for the year, from $109.5 million last year to $84.8 million this year.
• Decreased 28.2 percent for the month. 

Director Luebbering also noted the General Revenue Fund borrowed $100 million from the Budget Reserve Fund for cash flow purposes. The funds will be repaid before the Constitutional deadline of May 15, 2013.

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