MO Project: Contextual Branding

State Releases March 2012 General Revenue Report

April 3, 2012

JEFFERSON CITY, MO - State Budget Director Linda Luebbering announced today that 2012 fiscal year-to-date net general revenue collections increased 2.5 percent compared to 2011, from $4.94 billion last year to $5.06 billion this year. 

Net general revenue collections for March 2012 increased by 3.0 percent compared to those for March 2011, from $497.3 million to $512.4 million. 

Director Luebbering also noted the General Revenue Fund borrowed $100 million from the Budget Reserve Fund for cash flow purposes, bringing the total borrowed for the year to $325 million. The funds will be repaid before the Constitutional deadline of May 15th

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 3.1 percent for the year, from $3.88 billion last year to $4.00 billion this year.
  • Increased 0.5 percent for the month. 

Sales and use tax collections

  • Increased 3.9 percent for the year from $1.35 billion last year to $1.40 billion this year.
  • Decreased 0.4 percent for the month. 

Corporate income and corporate franchise tax collections

  • Decreased 8.5 percent for the year, from $331.1 million last year to $302.9 million this year.
  • Increased 8.5 percent for the month. 

All other collections

  • Decreased 20.2 percent for the year, from $337.5 million last year to $269.3 million this year.
  • Decreased 12.4 percent for the month. 

Refunds

  • Decreased 4.7 percent for the year, from $956.7 million last year to $912.0 million this year.
  • Decreased 6.7 percent for the month.

 

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