The Missouri fiscal year ended with net general revenue up by 3-point-2-percent compared to fiscal 2011. The state brought in 7-point-3-billion-dollars in the period ending June 30th, with 5-point-8 of that coming from individual income tax collections. Sales tax revenue was up 3-point-5-percent in F-Y 2012 and income taxes jumped 3-point-8-percent, signs the economy has improved modestly in a year. State Budget Director Linda Luebbering tells KZIM KSIM they’re not celebrating, but they are optimistic the trend is back in the upward direction into this year. They're expecting a 3-point-9-percenr growth through June 30th, 2013. Luebbering says the overall revenue collections last fiscal year did meet the state budget expectations, which means the Governor won’t have to make any more cuts. But Corporate income and franchise tax collections were down for the year by over 6-percent.
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