Missouri Office of Administration

For Immediate Release Contact: Dan Haug
May 7, 2020 573-751-2345

*State Releases April 2020 General Revenue Report*

State Budget Director Dan Haug announced today that net general revenue collections for April
2020 decreased 54.3 percent compared to those for April 2019, from $1.59 billion last year to $725.2
million this year.

Net general revenue collections for 2020 fiscal year-to-date decreased 6.1 percent compared to
April 2019, from $8.02 billion last year to $7.53 billion this year.

*GROSS COLLECTIONS BY TAX TYPE*

Individual income tax collections


* Decreased 9.6 percent for the year, from $6.42 billion last year to $5.8 billion this year.
* Decreased 63.9 percent for the month.

Sales and use tax collection


* Increased 2.3 percent for the year, from $1.84 billion last year to $1.88 billion this year.
* Increased 0.2 percent for the month.

Corporate income and corporate franchise tax collections


* Decreased 11.4 percent for the year, from $435.1 million last year to $385.7 million this year.
* Decreased 66.3 percent for the month.

All other collections


* Decreased 2.0 percent for the year, from $405.4 million last year to $397.3 million this year.
* Increased 1.8 percent for the month.

Refunds


* Decreased 13.5 percent for the year, from $1.08 billion last year to $934.1 million this year.
* Decreased 81.2 percent for the month.

Director Haug noted the General Revenue Fund borrowed $100 million from the Budget Reserve Fund
for cash flow purposes.

Director Haug also noted the General Revenue Fund repaid the $100 million borrowed from the Budget
Reserve Fund during fiscal year 2020, well ahead of the Constitutional deadline of May 15 th .

"The figures included in the monthly general revenue report represent a snapshot in time and can vary"
"widely based on a multitude of factors."



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* PR 2020-04.xlsx [ [link removed] ]

Missouri Department of Administrative Services [ [link removed] ]
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