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June 9, 2020Jefferson City, Mo. | By: AP
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.