Coronavirus continues to hit Missouri revenues

wireready_06-05-2020-18-54-02_00142_coronavirusfinancialimpact

JEFFERSON CITY, Mo. (AP) – Revenue collections in Missouri continue to drop because of the coronavirus. State Budget Director Dan Haug on Friday said as of May, net general revenue collections were down more than 7% this year compared to last year. Revenues dropped significantly last month because of the coronavirus pandemic. In May alone, net general revenues decreased more than 22% compared to May 2019. Missouri Gov. Mike Parson has cut close to $428 million in state government spending this year to compensate.

WebReadyTM Powered by WireReady® NSI