fiscal year 2014

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Missouri may soon need to dip into its reserves in order to pay its bills.

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Missouri appears increasingly likely to finish its budget year with less revenue than had been expected.

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A new report shows Missouri revenues were up slightly as the state reached the two-thirds mark of its budget year.

Missouri revenues up 2.2 percent for year

Dec 3, 2013

Missouri budget officials say the state's tax revenues have increased 2.2 percent through the first five months of the current fiscal year.

The state's Office of Administration on Tuesday released collection figures for the period from July 1 through the end of November.

The report says Missouri collected $2.19 billion in individual income taxes through November, up 2.6 percent from the $2.13 billion collected in the same period last year. Sales and use tax collections are up 2.9 percent this year.

Corporate income taxes are up about 32 percent for the year.

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Missouri has started its 2014 fiscal year with a dip in revenues compared to last year.