State Releases June 2016 General Revenue Report

July 5, 2016

JEFFERSON CITY - Acting State Budget Director Dan Haug announced today that 2016 fiscal year-to-date net general revenue collections increased 0.9 percent compared to 2015, from $8.71 billion last year to $8.79 billion this year.

Net general revenue collections for June 2016 decreased by 22.8 percent compared to those for June 2015, from $842.7 million to $650.1 million. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 3.9 percent for the year, from $6.89 billion last year to $7.16 billion this year.
Decreased 0.8 percent for the month.

Sales and use tax collections
Increased 4.4 percent for the year, from $2.01 billion last year to $2.10 billion this year.
Decreased 4.7 percent for the month.

Corporate income and corporate franchise tax collections
Decreased 16.2 percent for the year, from $558.6 million last year to $468.3 million this year.
Decreased 21.9 percent for the month. 

All other collections
Decreased 1.2 percent for the year, from $468.1 million last year to $462.6 million this year.
Decreased 30.9 percent for the month.

Refunds
Increased 14.9 percent for the year, from $1.22 billion last year to $1.40 billion this year.
Increased 104.1 percent for the month.

###