After falling by 6.9% in FY 2009, and another 9.1% in FY 2010, Missouri’s net General Revenue collections increased 5.9% in FY 2011. Moreover, the net GR total exceeded the consensus revenue estimate by $159.2 million, providing the state with much needed revenue in the aftermath of multiple natural disasters.
However, the revenue decline of FY 2009 and FY 2010 is the largest sustained decline since the Great Depression. Even with 5.9% growth, in FY 2011 the state collected $827 million less in net GR than it collected in FY 2008. To learn more, click here.