Missouri’s State Income Picture Continues To Improve

Linda Luebbering, state budget director | Photo courtesy of Creative Commons

Missouri’s finances are continuing to improve, with state Budget Director Linda Luebbering reporting that the current fiscal year’s revenue collections have increased 9.5 percent so far, compared to a year ago.

That’s well above predictions and sets the stage for Gov. Jay Nixon to release some of the $100 million-plus in budget restrictions that he had imposed earlier when the state’s budget picture wasn’t looking so rosy. Current fiscal year-to-date collections are running almost $300 million higher than a year ago.

Luebbering cautions that some added income may be temporary and likely will go back out as tax refunds when Missourians file their state income tax returns for 2012, but she said the latest figures are “good news,’’ especially the continued jump in individual income tax collections.

Read more from the St. Louis Beacon

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