State tax collections rebound in September, reduce shortfall

Missouri tax revenue rebounded in September after the state saw a $100 million shortfall over the first two months of its new fiscal year.

The state collected 2.3 percent more in tax revenue this September than it did a year ago, lowering its overall shortfall for the year to about $70 million.

Other revenue is still down 3.2 percent from last year, according to Missouri Budget Director Dan Haug. Despite that, Haug said, the state won’t restrict spending, because a surplus from last fiscal year provides a substantial buffer.

Read more: Missourinet


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