- Associated Press - Monday, January 5, 2015

JEFFERSON CITY, Mo. (AP) - Missouri’s revenues are up more than 5 percent this fiscal year and the state’s budget chief says that means the governor will likely not need to further freeze spending.

Revenue figures released Monday show net general revenues for December are up 10.7 percent compared to last year.

Individual income tax collections were up 9.6 percent last month and up 6.3 percent from July through December.

State budget director Linda Luebbering says the bump in December is a sign that people are feeling better about the economy.

Luebbering says the 5.1 percent growth is just shy of the estimated 5.2 percent Gov. Jay Nixon’s been using to guide spending restrictions. She says more restrictions likely are unnecessary.

More than $700 million in funds still are frozen.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide