State Decline In General Revenue Announced
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State Decline In General Revenue Announced

Date: May 5, 2009
By: Alex Rozier
State Capitol Bureau

Intro: Missouri's Top Budget official announced Tuesday State Tax Collection's Continue to Fall. Alex Rozier has more from the State Capitol. RunTime:0:37
OutCue: SOC

To-date in fiscal year 2009 the state of Missouri's net general revenue collections declined a half percent from last year.

The revenue fell from $6.45 billion last year to $6.42 billion this year.

State Budget Director Linda Luebbering made the announcement.

Actuality:  LEUBB2.WAV
Run Time: 00:13
Description: "It's not unexpected because unemployment is up, and obviously people who do have investments have been losing money on those investments. Both of those things contribute to a loss in income tax."

 

Luebbering noted that April's individual income tax collections fell short of what was expected.

From the State Capitol, I'm Alex Rozier.


Intro: Top Budget Official Announced State Tax Collections continue to drop. Alex Rozier has more from the State Capitol.  RunTime:0:34
OutCue: SOC

Linda Luebbering announced today that 2009 fiscal year net general revenue collections are down a half percent.

Revenue fell from $6.45 billion last year to $6.42 this year.

The announcement came from State Budget Director Linda Luebbering.

Actuality:  LUEBB1.WAV
Run Time: 00:11
Description: "The economy as we all know, is not doing well. Our sales tax collections have not been doing well at all this year, they've been down, and that is a sign that people just don't have as much discretionary money to spend."

Luebbering added that individual income tax collections for the month of April also fell short of expected.

From the State Capitol, I'm Alex Rozier.