- Associated Press - Tuesday, February 3, 2015

JEFFERSON CITY, Mo. (AP) - Missouri’s revenues are up nearly 5 percent so far this year over last year’s collections, and the state’s budget chief says that’s on pace with Gov. Jay Nixon’s spending freezes.

Revenue figures reported Tuesday show net general revenues for January are up 4.1 percent compared with the previous year.

Individual income tax collections rose 6.5 percent from July to January, and 7.1 percent from this month last year.

Budget director Linda Luebbering says the numbers are on pace with revised projections for the year’s revenue growth of 4.6 percent, and that spending restrictions will remain in place.

She says about $21.5 million of the $700 million still restricted by the governor will be released in the wake of an unexpected lawsuit settlement.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide