State Releases May 2017 General Revenue Report

June 2, 2017

JEFFERSON CITY - Acting State Budget Director Dan Haug announced today that 2017 fiscal year-to-date net general revenue collections increased 2.6 percent compared to 2016, from $8.14 billion last year to $8.35 billion this year.

Net general revenue collections for May 2017 decreased by 2.0 percent compared to those for May 2016, from $727.7 million to $713.4 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 2.1 percent for the year, from $6.56 billion last year to $6.70 billion this year.
Decreased 3.6 percent for the month.

Sales and use tax collections
Increased 1.8 percent for the year, from $1.92 billion last year to $1.96 billion this year.
Increased 1.1 percent for the month.

Corporate income and corporate franchise tax collections
Decreased 11.1 percent for the year, from $395.5 million last year to $351.5 million this year.
Increased 90.4 percent for the month.

All other collections
Increased 13.3 percent for the year, from $401.4 million last year to $454.9 million this year.
Increased 6.6 percent for the month.

Refunds
Decreased 2.7 percent for the year, from $1.15 billion last year to $1.12 billion this year.
Increased 7.9 percent for the month.

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