Wed. Oct 30th, 2024
The Missouri Office of Administration has released its March-2024 General Revenue Report which, again, shows a mixed bag of numbers.
State Budget Director Dan Haug says, overall, net general revenue for March declined by 6.4 percent compared to a year ago from $959.7 million to $898.6 million dollars.
At the same time, the revenue report shows a 0.5 percent increase for fiscal year-to-date this year.
The gross collections by tax types can be found below:
State Budget Director Dan Haug announced today that net general revenue collections for March 2024 declined 6.4 percent compared to those for March 2023, from $959.7 million last year to $898.6 million this year.
Net general revenue collections for 2024 fiscal year-to-date increased 0.5 percent compared to March 2023, from $9.27 billion last year to $9.32 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Pass-Through Entity tax collections were previously reported within Individual Income, which makes growth in Individual Income tax collections appear artificially low.
The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.
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