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Fri March 2, 2012
Missouri falls below expected revenue in February
The Missouri Office of Administration released today the General Revenue report for February.
According to the report, general revenue collections have increased 2.4 percent in the 2012 fiscal year. But so far, that’s below the projected 2.7 percent increase. State Budget Director Linda Luebbering says the state is confident it will meet projections, due to pay raises and an increase in jobs.
“We definitely think it’s going to be the individual income tax that pulls us through this year,” Luebbering said.
For now, Luebbering says the figures haven’t prompted a need for Governor Nixon to withhold funds from state agencies. She says that possibility will be clearer later this year.