State revenues rise, still lag behind expectations

Linda Luebbering | Courtesy of Creative Commons
Luebbering | Courtesy of Creative Commons

The state of Missouri’s individual income taxes are up, but the state’s income from sales tax is lagging well behind. And overall, the state isn’t collecting enough money to cover all the budget items that the General Assembly approved this spring.

State Budget Director Linda Luebbering said the state’s income would need to increase by about 10 percent to cover the General Assembly’s budget. That percentage needs to go up to 12 or 13 percent, she added, if legislators override some or all of Nixon’s vetoes of $776 million in tax breaks next week.

Read more from St. Louis Public Radio

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