MO Project: Contextual Branding

State Releases May 2018 General Revenue Report

June 4, 2018

JEFFERSON CITY - State Budget Director Dan Haug announced today that 2018 fiscal year-to-date net general revenue collections increased 2.1 percent compared to 2017, from $8.35 billion last year to $8.53 billion this year.

Net general revenue collections for May 2018 increased 2.3 percent compared to those for May 2017, from $713.4 million last year to $729.5 million this year. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 5.7 percent for the year, from $6.70 billion last year to $7.09 billion this year.
Increased 17.2 percent for the month.

Sales and use tax collections
Increased 1.9 percent for the year from $1.96 billion last year to $2.00 billion this year.
Increased 1.0 percent for the month.

Corporate income and corporate franchise tax collections
Increased 8.2 percent for the year, from $351.5 million last year to $380.4 million this year.
Decreased 10.9 percent for the month.

All other collections
Decreased 4.9 percent for the year, from $454.9 million last year to $432.4 million this year.
Decreased 41.8 percent for the month.

Refunds
Increased 22.3 percent for the year, from $1.12 billion last year to $1.36 billion this year.
Increased 35.1 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.