Office of Administration
 Matt Blunt, Governor - Larry Schepker, Commissioner
 
 
 



Commissioner's Office
May 5, 2006
For Immediate Release
Contact:  Michael N. Keathley
573-751-1851

State Releases April 2006 General Revenue Report

Jefferson City - Commissioner of Administration Mike Keathley announced today that 2006 fiscal year-to-date net general revenue collections compared to 2005 fiscal year-to-date collections have increased by 8.2 percent, from $5.52 billion last year to $5.98 billion this year.

            The Commissioner also announced that April 2006 net general revenue collections compared to April 2005 collections increased by 15.8 percent, from $892.0 million last April to $1.03 billion this April.

GROSS COLLECTIONS BY TAX TYPE

Sales and use tax collections

  • Increased 1.1 percent for the year, from $1.59 billion last year to $1.61 billion this year.
  • Decreased 8.1 percent for the month.

Individual income tax collections

  • Increased 10.1 percent for the year, from $4.07 billion last year to $4.48 billion this year.
  • Increased 17.4 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 29.4 percent for the year, from $378.4 million last year to $489.6 million this year.
  • Increased 11.9 percent for the month.

All other collections

  • Decreased 0.5 percent for the year, from $384.7 million last year to $382.9 million this year.
  • Decreased 20.8 percent for the month.

Refunds

  • Increased 9.2 percent for the year-to-date, from $900.3 million last year to $982.6 million this year.
  • Decreased 7.2 percent for the month.

            Keathley said the Governor continues to be encouraged by general revenue collections, which are indicative of good economic growth for the state.   He pointed to growth in individual withholding tax revenue, one component of individual income tax, as an indication that salaries and wages continue to grow at a healthy pace under Gov. Matt Blunt’s leadership.

            Growth in the national economy is expected over the next several months, though dynamic energy prices, including high gasoline costs, and their impact on consumer spending remain a concern.

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