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February general revenue collectins above projections

A report from the Department of Revenue says Missouri general revenue collections are up 7.8 percent over the same period last year. Erin Israel tells us more.

February is the eigth month in this fiscal year to yield collections above projections.

House Budget Committee Chair Carl Bearden says he expects returns to stay strong throughout the year.

"WHAT WE SAW IN FEBRUARY WAS A STRONG SALES TAX PICTURE AND ALSO A VERY STRONG INDIVIDUAL INCOME TAX COLLECTION MONTH"

Bearden says March is a big month for tax returns, so he expects next month's numbers to be lower.

However he believed increased collections are a sign the economy is becoming strong.

From the state capitol, I'm Erin Israel.

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A report from the Department of Revenue says Missouri general revenue collections are up, but Governor Bob Holden says he still will not release witholdings. Erin Israel tells us how more state money could not mean more for education.

Although February is the eigth month in this fiscal year collections have been up, the Governor's budget director, Linda Lubbering, says he will not release witholdings until April 15th at the earliest.

House Budget Committee Chair Carl Bearden says continuing to withold funds from education could be harmful to education.

(Bearden says April is when districts negotiate teacher contracts, and continuing witholdings could harm that)

Lubbering says the Governor will not release the money until he is sure the economy is stable.

Bearden says he believes the economy is recovering, and it would take a catastrophe to bring collections below projections.

From the state capitol, I'm Erin Israel.