MO Project: Contextual Branding

State Releases June 2018 General Revenue Report

July 3, 2018

 

JEFFERSON CITY — State Budget Director Dan Haug announced today that 2018 fiscal year-to-date net general revenue collections increased 5.0 percent compared to 2017, from $9.02 billion last year to $9.47 billion this year.

Net general revenue collections for June 2018 increased 41.0 percent compared to those for June 2017, from $666.4 million last year to $940.0 million this year. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Increased 5.6 percent for the year, from $7.32 billion last year to $7.73 billion this year.
Increased 3.7 percent for the month.

Sales and use tax collections

Increased 2.3 percent for the year from $2.15 billion last year to $2.20 billion this year.
Increased 6.9 percent for the month.

Corporate income and corporate franchise tax collections

Increased 6.1 percent for the year, from $435.1 million last year to $461.7 million this year.
Decreased 2.7 percent for the month.

All other collections

Increased 0.7 percent for the year, from $529.3 million last year to $533.2 million this year.
Increased 35.5 percent for the month.

Refunds

Increased 2.5 percent for the year, from $1.42 billion last year to $1.45 billion this year.
Decreased 71.1 percent for the month.

Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount.

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