January financial figures for the state show mixed results, according to State Budget Director Dan Haug. Net general revenue for the month declined 7.6%, falling to $1.20 billion from $1.29 billion in January 2025. However, year-to-date general revenue increased slightly by 1.4%, rising from $7.42 billion to $7.53 billion compared with the same period in the previous fiscal year.
January tax collections showed mixed trends across different categories. Individual income tax collections increased 2.6% year-to-date to $4.78 billion but fell 7.0% for the month. Pass-through entity tax collections declined 23.1% year-to-date to $305.5 million and dropped 30.2% in January. Sales and use tax collections rose 5.5% year-to-date to $2.01 billion, with a 16.1% increase for the month.
Corporate tax revenue declined, with corporate income and franchise tax collections down 21.6% year-to-date to $395.9 million and falling 16.9% in January. Collections in the “all other” tax category increased 4.3% year-to-date to $544.3 million but decreased 22.2% for the month, according to the Missouri Office of Administration.
There was a decrease in state tax refunds, with year-to-date refunds down 10.0%, falling from $566.4 million to $509.7 million. However, refunds for January increased slightly by 3.5%. For additional information, the Division of Budget and Planning can be reached at 573-751-2345, and press inquiries may be directed to Public Information Officer Shayne Martin at 573-522-0644.
