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5:13 pm
Tue December 4, 2012

November general collections report

Missouri’s November general collections report show a 6.0 percent increase of revenue compared to November of last year.

The report shows increases in individual income and sales tax collections. State Budget Director Linda Luebbering says these gains mean good news for the economy.

“In tax collections for the fiscal year as a whole are up 3.5 percent so that’s a clear sign that our individual income taxes are starting to pick up as the economy moves forward,” Luebbering says.

Overall, the 2013 fiscal year-to-date net general revenue collections increased 7.2 percent compared to the last fiscal year.