STLtoday.com
[Print] [Close]
12.02.2008 8:17 pm
Office of Administration reports sharp November income downturn
Jo Mannies
Special to the Post-Dispatch

Missouri’s Office of Administration released a report late this afternoon that confirmed the state’s worsening financial picture.

The report’s revenue-collections breakdown lays it all out, by comparing this November’s tallies with those of a year ago:

GROSS COLLECTIONS BY TAX TYPE

Sales and use tax collections
· Deceased 7.6 percent for the year, from $853.9 million last year to $788.9 million this year.

· Decreased 23.1 percent for the month.

Individual income tax collections
· Increased 1.3 percent for the year, from $2.06 billion last year to $2.09 billion this year.

· Decreased 2.0 percent for the month.

Corporate income and corporate franchise tax collections· Decreased 13.6 percent for the year, from $189.7 million last year to $164.0 million this year.

· Decreased 23.6 percent for the month.

All other collections

· Decreased 4.0 percent for the year, from $174.4 million last year to $167.3 million this year.

· Decreased 20.3 percent for the month.

Refunds
· Increased 21.1 percent for the year, from $229.6 million last year to $278.2 million this year.

· Increased 59.5 percent for the month.


Article printed from Political Fix: http://www.stltoday.com/blogzone/political-fix

URL to article: http://www.stltoday.com/blogzone/political-fix/political-fix/2008/12/office-of-administration-reports-sharp-november-income-downturn/

If you enjoy reading about interesting news, you might like the 3 O'Clock Stir from
STLtoday.com. Sign up and you'll receive an email with unique stories of the day,
every Monday-Friday, at no charge.
Sign up at http://www.stltoday.com/newsletters/