State Releases September 2006 General Revenue Report

Jefferson City - Commissioner of Administration Mike Keathley announced today that 2007 fiscal year-to-date net general revenue collections compared to 2006 fiscal year-to-date net collections increased by 6.5 percent, from $1.73 billion last year to $1.84 billion this year.

The Commissioner also announced that September 2006 net general revenue collections compared to September 2005 collections increased by 6.8 percent, from $694.2 million last September to $741.2 million this September.

GROSS COLLECTIONS BY TAX TYPE

Sales and use tax collections

Decreased 0.4 percent for the year, from $502.2 million last year to $500.3 million this year.
Decreased 3.4 percent for the month.

Individual income tax collections

Increased 7.1 percent for the year, from $1.11 billion last year to $1.19 billion this year.
Increased 10.7 percent for the month.

Corporate income and corporate franchise tax collections

Decreased 4.6 percent for the year, from $143.7 million last year to $137.0 million this year.
Increased 0.9 percent for the month.

All other collections

Increased 1.0 percent for the year, from $109.8 million last year to $110.9 million this year.
Decreased 31.6 percent for the month.

Refunds

Decreased 29.9 percent for the year, from $137.4 million last year to $96.2 million this year.
Decreased 42.6 percent for the month.

Keathley noted that the continued strength of individual income tax collections is a sign that Missouri's economy is growing and is a continued indication the improved business climate under Gov. Blunt's leadership is leading to growing job opportunities, salaries and wages. While the revenue outlook for FY 2007 is encouraging, the national economy remains uncertain and leaves the potential for weakness in Missouri's revenue collections if the "soft landing" forecast for the national economy turns rockier.

Go to News Releases Index