Missouri finance officials last week warned that revenues collected in the current fiscal year through February are down by 1.4%, to $4.83 billion from $4.9 billion, over the same time last year, said budget director Linda Luebbering.

Collections were down by 10.5% for February alone compared to February in 2008. Sales and use taxes are down 6.5% for the year and 17% in February while individual income taxes increased 3% for the year but were down 3% in February. Corporate incomes taxes fell 7% so far this year and were down a dramatic 43% for February.

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