State Releases May 2018 General Revenue Report

By |2018-06-08T09:51:20-05:00June 6, 2018 9:50 am|State Headlines|0 Comments

JEFFERSON CITY, MO (KDKZ-TV) State Budget Director Dan Haug announced 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.

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I joined News Channel 18 in May 2011 in the weather department as Chief Meteorologist. In January 2013, I assumed the roll of News Director. I started my career in 2003 in high school. I attended Farmington High School. While there, I was a student in Black Knight Television (BKTV), doing anything from camera work, to editing, producing and anchoring the weather. I attended Mineral Area College, University of Missouri – Columbia, Mississippi State University and Webster University. While attending college, I continued to help out with BKTV. In 2009, I interned at KOMU-TV, Columbia, Missouri’s NBC affiliate. I enjoy spending time with my wife, Danica and our daughters , Declynn and Danleigh. I can’t forget about our dog, Daisy. We rescued her in 2011. We also have a cat named Dolly. I am committed to giving you the most accurate information, whether it’s from my latest weather forecast, or a news story that could touch your heart. Contact me if you have any questions or a news idea.

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