JEFFERSON CITY, Mo. (AP) - Missouri's revenues are up more than 4 percent through the first third of the fiscal year, but the state's budget chief says that's far shy of what's needed.
Revenue figures released Tuesday show individual income tax collections are up 5.8 percent and sales tax collections are up 3.3 percent from July through October.
When those are added to other revenue sources, Missouri's finances grew at 4.3 percent compared with the same period a year earlier.
State budget director Linda Luebbering says that's well short of the roughly 11 percent general revenue growth that would be needed to pay for all of the budgeted expenses.
Missouri borrowed an additional $100 million for its cash-reserve fund during October, raising the yearly total to $300 million. That must be paid back by May.
© Associated Press
MOST VIEWED STORIES
Walnut Township recall coming; Friday mtg erupts in arrest
Sabetha woman arrested in business burglary
Effingham teen facing child sex crimes charges
Severe storms move through NE KS
Rural Horton man charged in alleged beating
Document forgery alleged in ATCO's Walnut Township
Severe storms reported Tuesday in NE KS
Two Brown Co officers honored for their bravery
Atchison man nabbed for neighbor's 4 wheeler theft
Meriden man bound over on rape charge
KS prepares for severe weekend weather
Former AG Schmidt running for KS' 2nd Congressional District
Tornado damage surveyed in NE KS
Richardson County Deputies busy during special enforcement
Beef Barn replacement planned in Jefferson Co
NVCH receives $415,000 grant for expansion project
KS replacement plates see long wait times
Atchison's BC names Educator of the Year
LATEST STORIES
Winning lottery ticket sold in Falls City about to expire
Trail rides ending at Indian Cave State Park
Atchison's BC names Educator of the Year
Document forgery alleged in ATCO's Walnut Township
Two Brown Co officers honored for their bravery
Tornado damage surveyed in NE KS
Road, railway repairs, underway in Atchison this week
KS replacement plates see long wait times