JEFFERSON CITY, MO (KDKZ-TV) The State of Missouri is bringing in more revenue this year.
Missouri’s year-over-year revenue is up 2.1 %, based on data released by the state Budget Director’s office.
This increase is consistent with revised budget estimates released by lawmakers back in January. Former Governor Eric Greitens predicted the state would see an increase of 1.9 % this fiscal year over last.
The increases are a culmination of a 5.7 % increase in income tax collections, an 8.2% increase in corporate franchise taxes, and a 1.9% increase in sales and use taxes.
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