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Fri August 2, 2013
Missouri revenues down in July
Figures reported Friday by the state Office of Administration show that state revenues in July were 4.8 percent below last July. Budget Director Linda Luebbering on Friday said the decline occurred because last year's figure was boosted by Missouri's share of a national mortgage settlement.
The 2014 budget started July 1 and is based on a growth in revenues of 3.1 percent. Sales tax collections were up 4 percent and corporate income taxes were are up 10.4 percent. Individual income taxes increased 0.2 percent.