Missouri Revenue Dips as Income Taxes Fall
Individual income tax receipts dropped 2.9 percent in October, which may affect how Missouri taxpayers plan their state tax payments.
Updated on Nov. 6, 2026 in Taxes
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Missouri general revenue collections totaled $943.1 million in October 2026, down 2.5 percent from $967.1 million in October 2025. The decline reflects weaker individual income tax receipts and higher refunds, even as sales tax and corporate tax collections grew.
Why it matters
For Missouri households, a shrinking general revenue base can shape how the state funds its services and budget priorities over the coming months. Individual income tax collections fell 2.9 percent in the month, a figure that bears directly on the taxes Missouri residents pay.
Missouri general revenue fell from $967.1 million to $943.1 million between October 2025 and October 2026, a 2.5 percent drop. Individual income tax collections of $2.58 billion declined 2.9 percent, while sales and use tax collections of $1.20 billion rose 8.3 percent for the month.
The players
News-Tribune
A Missouri newspaper that reported the state's monthly revenue figures to local readers.
The details
General revenue is the pool of state tax money that funds most state operations, so changes in its inflows affect the budget available to lawmakers. Individual income taxes are the largest single source, and a 2.9 percent drop there pulled the total down even as sales tax receipts climbed. Refunds of $335.7 million also reduce net collections, which means higher refund outflows can lower the revenue figure reported in a given month.
Timeline
October 2025: baseline month for the general revenue comparison.
October 2026: month of the general revenue report showing the 2.5 percent decrease.
November 6, 2026: date the News-Tribune published the report.
Money Landscape
Missouri's October 2026 general revenue fell 2.5 percent from October 2025, a single-month comparison that the report presents against the prior year. Corporate income and franchise tax collections rose 35.7 percent for the year, while individual income tax receipts fell in the month.
If you pay Missouri individual income tax, the 2.9 percent drop in October collections is a reason to review how your withholding and any estimated payments compare with last year's liability. Sales tax receipts rising 8.3 percent suggests everyday purchases may be carrying a slightly heavier state tax load than before.
The takeaway
Missouri's revenue mix shifted in October, with income and refunds pulling the total down while sales and corporate taxes moved up. Consider checking your own withholding against your expected tax bill, and consult a qualified tax professional before changing any filing or payment plans.
Further reading
For more on how state tax collections are structured, see Taxes in our personal finance guide.
Source note: This article includes information reported by Jefferson City News Tribune.
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