JEFFERSON CITY, Mo. (AP) - Missouri revenues are up 3.8 percent through the first quarter of the new budget year.
Figures released Thursday by the state Office of Administration show that individual income and sales tax collections both rose for the three-month period ending in September.
The 3.8 percent increase in net general revenues marks a turnaround from last fiscal year, when state revenues declined by 1 percent. But it remains short of what's needed to meet the budget.
Legislators had forecast a growth rate of 4.2 percent and Governor Jay Nixon had assumed a 5.2 percent growth rate for this year. Because the budget began with less money than expected, state budget director Linda Luebbering (LOO'-ber-ing) says Missouri now needs a greater than 10 percent growth rate to meet the budget.
© Associated Press
MOST VIEWED STORIES
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
One injured in Nemaha Co wreck
Wetmore man arrested on child sex-related charge
Walnut Township Treasurer removed; votes unofficial until canvass
Rural Horton man arrested on multiple drug charges
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
TX man to stand trial on charges in fatal Jackson Co crash
Local judge files for re-election
Atchison in running for national fireworks honors
Truck fire at CGB facility in Falls City
BC's Pate remembered by students, college family
Flags to fly half staff Wednesday across KS
LATEST STORIES
U.S. 36 work in Doniphan Co to impact motorists
Senator Ricketts staff to visit Falls City and Auburn
Richardson County Sheriff provides updates to Commissioners
Services set for Effingham woman killed in crash
Marshall Co Commissioner files for re-election
Contested races in Tuesday Primary Election in Nebraska
One hospitalized, one jailed, after Atchison attack