Monday, May 4, 2007
For Immediate Release

Contact: Rich Aubuchon,
573-751-1851

State Releases April 2007 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 5.6 percent, from $5.98 billion last year to $6.31 billion this year.

The Commissioner also announced that April 2007 net general revenue collections compared to April 2006 collections increased by 9.6 percent, from $1.03 billion last April to $1.13 billion this April.

GROSS COLLECTIONS BY TAX TYPESales and use tax collections

• Increased 3.1 percent for the year, from $1.61 billion last year to $1.66 billion this year.
• Increased 10.2 percent for the month.

Individual income tax collections

• Increased 6.7 percent for the year, from $4.48 billion last year to $4.78 billion this year.
• Increased 11.1 percent for the month.

Corporate income and corporate franchise tax collections

• Increased 2.7 percent for the year, from $489.6 million last year to $502.7 million this year.
• Increased 26.7 percent for the month.

All other collections

• Increased 2.1 percent for the year, from $382.9 million last year to $391.0 million this year.
• Increased 38.9 percent for the month.

Refunds

• Increased 3.9 percent for the year, from $982.6 million last year to $1.02 billion this year.
• Increased 36.7 percent for the month.

Recent data demonstrate a marked slowdown in the national economy, resulting from the struggles of the residential construction sector. Despite this, overall employment in the state continues to expand at a moderate pace due to Missouri’s improved entrepreneurial climate. Consumers continue to spend, but recent data indicate rising energy prices are taking their toll. The outlook for the nation and the state is a return to moderate growth.

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