Mo. revenue up 10 percent for 2013 budget year

Jul 4, 2013

missouri capitol
Credit Jacob Fenston / KBIA

A new report shows Missouri collected more revenue than expected in the budget year that ended June 30.

Figures released Wednesday show the state's general revenues totaled about $8.1 billion in the 2013 budget year. That's an increase of more than 10 percent from the previous fiscal year.

It also topped the roughly $7.7 billion officials had projected in writing the 2013 budget.

Gov. Jay Nixon's budget office says individual income tax collections rose 9 percent compared with the 2012 fiscal year, while corporate income taxes were up 4.5 percent. Collections from sales taxes increased 1.3 percent.