Missouri Ordinance Adopting the Budget
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FAQ
Missouri's largest spending areas per capita were elementary and secondary education ($1,882) and public welfare ($1,788). The Census Bureau includes most Medicaid spending in public welfare but also allocates some of it to public hospitals.
The majority of Missouri General Revenue comes from the personal income tax. Another 23% comes from the state sales tax, and smaller contributions come from other sources including corporate income tax.
Missouri's total operating budget for FY 2023 is $44.34 billion.
Missouri uses all major state and local taxes. After federal transfers, Missouri's largest sources of per capita revenue were charges ($1,367), such as state university tuition and highway tolls, and property taxes ($1,333).
The majority of Missouri General Revenue comes from the personal income tax.
The American Rescue Plan Act provided Missouri with $2.7 billion in largely flexible fiscal relief funding to Missouri. The state has received half of that funding, with the other half expected in 2023. Lawmakers approved the use of most of these funds in a special appropriations bill (House Bill 3020).
On June 30, Missouri Governor Michael Parson completed signing the 20 bills that comprise the state's fiscal 2024 budget. The budget calls for $52.9 billion in total spending after recommended vetoes, a 32.5 percent increase.
You would generally include interest and dividend income from Missouri source income. Examples of source income are interest and dividends derived from Missouri based businesses, rental property, farms, etc. located in Missouri.
