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State revenue report shows increases

October 3, 2003
By: Zachary Ottenstein
State Capital Bureau

The Missouri revenue boost is on the upswing. Zack Ottenstein has the story.

Story:
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OutCue: SOC

The Missouri Department of Revenue released a report stating that general revenue collections have increased about eight percent from the first quarter of last year.

And, while Missouri Director of Revenue Carol Fischer says the numbers are encouraging, they're also a little misleading because of last year's poor economic performance.

Actuality:
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Contents: Fischer explains that this year's numbers are being compared to low numbers from last quarter.

Fischer says that increased income tax revenue and increased sales tax collection were the key factors in this year's growth.

From the state Capitol, I'm Zack Ottenstein.

hzo

The Missouri Department of Revenue reports that general revenue collections have increased about eight percent from the first quarter of last year. Zack Ottenstein has the story.

Story:
RunTime:
OutCue: SOC

Missouri Director of Revenue Carol Fischer says poor economic performance last year is a big reason general revenue collections look so optimistic.

And while Fischer says that the numbers aren't a sign of economic recuperation, she suspects growth in the upcoming quarter as well.

Actuality:
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Contents: Fischer says she suspects mild increases.

Increased revenues from individual income taxes and sales tax were the key factors in the general growth.

From the state Capitol, I'm Zack Ottenstein.

hzo

Budget Director Linda Lueberring says Gov. Bob Holden will meet with lawmakers to consider releasing state budget withholdings from public schools. Zack Ottenstein has the story.

Story:
RunTime:
OutCue: SOC

The Missouri Department of Revenue reported that general revenue collections increased eight percent from last quarter.

Earlier in July, lawmakers withheld money from public schools under the assumption the state would enjoy a five percent growth.

While this quarter's figure is above that assumption, Budget Director Linda Lueberring says it won't be until the end of the current quarter that lawmakers consider releasing some of the withholding.

Actuality:
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Contents: Lueberring says the legislature will look at numbers in December, and at that time the governor could release some of the withholding.

Lueberring says this year's growth is somewhat misleading because of high tax returns last year.

She suspects that the state's gross growth is closer to three percent.

From the state Capitol, I'm Zack Ottenstein.