Mo. Revenues Drop in January

DOWN 1.9 %

Slumping sales tax revenues dropped Show-Me State general revenue 1.9% in January, compared with a year ago.

Governor Jay Nixon's budget director Linda Luebbering said it's clear the national recession is impacting the state’s general revenues. She also noted that net collections for the month were consistent with the recently announced consensus revenue estimate.

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Sales and use taxes were down 12 percent for the month.

Corporate taxes were down 4 percent.

Individual taxes were up 4 percent.