Linda Luebbering

4:54 pm
Wed April 2, 2014

Missouri revenue up about 2 percent over last year

Credit 401k2013 via Flickr

A new report shows Missouri revenues were up slightly as the state heads toward the last few months of its fiscal year.

State figures released Wednesday show the state's net general revenue increased 1.7 percent through March compared with the same point last year.

State Budget Director Linda Luebbering says the revenue numbers show Missouri is on pace to meet this year's budget projections set by Democratic Gov. Jay Nixon's administration. But she added that sales tax receipts are currently coming in below projections.

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4:51 pm
Wed September 4, 2013

Mo. tax revenues increased in August

Credit Jacob Fenston / KBIA

Missouri tax revenues rose slightly last month, thanks to growth in income tax collections.

The state Office of Administration said Wednesday that net general revenues were up 2.2 percent in August compared to the same month last year.

That includes a 4.6 percent growth rate in individual income taxes and 10.2 percent growth in corporate income tax collections.

Sales tax collections, though, were down by 1.8 percent compared to August 2012.

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8:21 am
Wed June 5, 2013

Missouri revenue on an upward trend, but with a May slow-down

via Flickr/yomanimus

Originally published on Tue June 4, 2013 5:18 pm

Revenue collections in Missouri slowed a bit last month, but continued their overall upward trend.

From July of 2012 through the end of May, the state took in $7.3 billion in revenues, an increase of 10.4 percent from May of 2012.  The year-to-date increase from April of this year, though, was 11.2 percent.  Missouri Budget Director Linda Luebbering blames it on a drop in sales tax collections.

"People are still a little bit concerned about spending a lot of money, given the economy and the uncertainty at the national level," Luebbering said.

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5:10 pm
Tue April 23, 2013

Missouri slows progress on software for IDs

Missouri slows work on biometric analysis for state driver's licenses and identification cards.
Credit File / KBIA

Missouri appears to have slowed work on a high-tech computer program that would conduct a biometric analysis of photos taken for state driver's licenses and identification cards.

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5:31 pm
Tue February 5, 2013

More on the money in medicaid expansion debate

images_of_money Flickr

Healthcare reform was on the agenda in Gov. Jay Nixon’s 2013 state of the state address as he called upon lawmakers to broaden Medicaid so more Missourians would have access to healthcare. Nixon’s proposed budget includes an expansion of Missouri’s Medicaid program. Estimates are the plan would add nearly 260,000 lower-income adults to the healthcare program through the use of $908 million in federal funds, money that would be received by opting in to the federal Medicaid expansion. In his recent state of the state address, Nixon argued the expansion would create jobs for many Missourians and would bring increased revenue to the state.

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4:21 pm
Tue December 11, 2012

'Fiscal cliff' could affect Mo. economy, budget

If officials in Washington don't reach a deal to avert the "fiscal cliff," Missouri could see a hit to its economy and budget.

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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.

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4:48 pm
Thu November 29, 2012

Lottery win could give small boost to Mo. coffers

Upupa4me Flickr

The sale of a winning Powerball ticket in northwest Missouri could mean about $10 million in unexpected income tax revenue for the state.

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12:36 pm
Mon November 5, 2012

Mo. state workers off on Black Friday as economy improves

images_of_money Flickr

Governor Jay Nixon today signed an executive order to close state offices on Black Friday, Nov. 23, in part because state revenues have increased. State Budget Director Linda Luebbering said the state’s revenue collections are up by 7.5 percent compared with last year.

“We’re beginning to see the improving economy’s impact on our revenue collections," Luebbering said. "It’s always a lag as the economy improves – takes a little while for that to start showing up in our revenue collections."

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9:51 am
Mon September 24, 2012

Missouri to pay more for state worker pensions

selbstfotografiert Wikimedia Common

Missouri will chip in nearly $330 million next year to pay for state worker pensions.

The St. Louis Post-Dispatch reports state government will pay about 20 percent more than in the current year largely because of lower investment returns and longer life expectancies. The board for the Missouri State Employees Retirement System approved the increase by a 10-1 vote.

State Budget Director Linda Luebbering says the increased payment is not a surprise.

5:13 pm
Tue July 3, 2012

Mo. ends fiscal year with higher than expected revenues

David Shane Flickr

Missouri closed out its 2012 fiscal year with slightly better than expected revenues. But that doesn't necessarily translate to a budget surplus.

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7:56 am
Wed June 6, 2012

State revenues ahead of projections, up 3.4 percent

Originally published on Tue June 5, 2012 5:16 pm

Missouri’s revenues rose more than expected during the month of May.

The state collected about $6.6 billion in revenue last month, compared to just under $6.4 billion in May of 2011.  Governor Jay Nixon’s Budget Director, Linda Luebbering, credits most of the improvement to higher collections of state income and sales taxes.

“That's the good news, things are picking up,"  Luebbering said.  "I think we do have to be cautious, still, because of what’s going on at the national and particularly the international picture, with European Union issues and everything that's going on globally that could have some bearing on the overall economy.”

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10:02 am
Mon March 5, 2012

Report shows growth in state revenue

The Missouri Office of Administration has released the General Revenue report for February and general revenue collections have increased 2.4 percent in the 2012 fiscal year.

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3:46 pm
Fri March 2, 2012

Missouri falls below expected revenue in February

State Budget Director Linda Luebbering
MoNewsHorizon Flickr

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.

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4:51 pm
Wed February 29, 2012

Nixon releases additional education funding

Missouri Gov. Jay Nixon is releasing more than $5 million that had been withheld from public education because of budget concerns. 

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12:21 pm
Tue January 24, 2012

Missouri refinances millions in debt to balance its books

The state has already refinanced the $20 million it cost to build Mizzou Arena
chip Flickr

Missouri is planning to refinance more than $500 million of debt as part of Gov. Jay Nixon's plan to balance the state budget.

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6:16 pm
Thu November 3, 2011

Natural Disasters Costing Missouri $15 Million

Natural disasters have cost the state of Missouri $15 million and the state budget director says that tab is still going up.

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