The latest financial figures are out for the state's general revenue collections in December 2025, and it's a mix of modest gains and some distinct drops. State Budget Director Dan Haug released the report yesterday, which spotlighted a slight decrease of 0.5 percent in net general revenue for December 2025 compared to the same month the previous year, dipping from $1.30 billion to $1.29 billion, according to the Missouri Office of Administration.
Despite the monthly downturn, the fiscal year-to-date numbers tell a slightly more positive story, with a 3.3 percent increase in net general revenue collections, up from $6.14 billion in December 2024 to $6.34 billion in the comparable period for this fiscal year. These figures, as Haug stated, represent "a snapshot in time" and are subject to the ebbs and flows that come with complex economic forces.
In breaking down the revenue by tax type, the report, published by the Division of Budget and Planning, gives a clearer picture of the economic landscape. Individual income tax collections saw a slight uptick of 4.5 percent for the year, from $3.90 billion to $4.07 billion, with a modest increase of 0.1 percent for December itself. On the other hand, pass through entity tax collections fell notably, with a 14.8 percent decrease for the year and a 12.6 percent decrease for the month.
Consumers seem to have been opening their wallets a bit wider, with sales and use tax collections registering an increase of 3.7 percent for the year and a robust jump of 13.0 percent for the month. In contrast, corporate income and corporate franchise tax collections did not follow the same trend, experiencing a downward shift of 22.2 percent for the year and 18.7 percent for the month. These different vectors point towards a nuanced economic situation where certain sectors thrive whiles others retract.
All other collections combined painted a more optimistic fiscal picture with a 7.6 percent climb for the year, reaching $499.2 million, alongside a 9.2 percent increase for the month. As for refunds, there was a 12.1 percent decrease for the year, with December seeing an unusual hike by 42.8 percent. The state's budget office underlines these numbers with caution, acknowledging the multitude of factors that can sway financial reports from one period to the next.
For further inquiries, the Division of Budget and Planning can be reached at 573-751-2345, and press contact Shayne Martin is available at 573-522-0644 for additional information on the report.
