MO Project: Contextual Branding

State Releases February 2012 General Revenue Report

March 2, 2012

JEFFERSON CITY, MO - State Budget Director Linda Luebbering announced today that 2012 fiscal year-to-date net general revenue collections increased 2.4 percent compared to 2011, from $4.44 billion last year to $4.55 billion this year.  

Net general revenue collections for February 2012 increased by 15.1 percent compared to those for February 2011, from $345.8 million to $398.2 million. 

Director Luebbering also noted the General Revenue Fund borrowed $150 million from the Budget Reserve Fund for cash flow purposes, bringing the total borrowed for the year to $225 million. The funds will be repaid before the Constitutional deadline of May 15th.  

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 3.5 percent for the year, from $3.40 billion last year to $3.52 billion this year.
  • Increased 9.8 percent for the month. 

Sales and use tax collections

  • Increased 4.4 percent for the year from $1.20 billion last year to $1.25 billion this year.
  • Increased 18.7 percent for the month. 

Corporate income and corporate franchise tax collections

  • Decreased 11.9 percent for the year, from $276.9 million last year to $244.0 million this year.
  • Decreased 34.4 percent for the month. 

All other collections

  • Decreased 22.2 percent for the year, from $269.8 million last year to $210.0 million this year.
  • Decreased 13.1 percent for the month. 

Refunds

  • Decreased 3.9 percent for the year, from $704.2 million last year to $676.4 million this year.
  • Increased 3.8 percent for the month.

 

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