Missourians flocked to the stores in December, causing a huge increase in the state’s sales tax collections that, in turn, has helped fatten the state government’s coffers more than expected. State Budget Director Linda Luebbering credited a rosier public mood – which apparently led to more holiday shopping – for a 25.9 percent increase in Missouri’s sales tax collections in December, compared to December 2012.
Overall, including all income categories, this December saw state general revenue increase by 5.1 percent compared to a year ago. The improved December numbers, in turn, helped boost Missouri’s general revenue collections for the current fiscal year by 2.8 percent.
That 2.8 percent increase is closer to the original 3.1 percent projected increase for the current fiscal year, which began July 1, and well above the revised 2 percent growth estimate that Republican legislative leaders released just a couple weeks ago.