ST. LOUIS - Two months after tax day, Missouri still owes more than $114 million in tax refunds. 5 on Your Side's Mike Rush has answers on when you can expect your money back from the state.
The Missouri Department of Revenue tells 5 on Your Side all of the checks should be in the mail by the end of the month. Right now, the state is more than 260,000 refunds behind.
Sean Peters from Lake Saint Louis represents one of them. He filed late, the day before the deadline, so he wasn't expecting to be at the top of the list, but two months is too long for him. He had hoped to use the $800 Missouri owed him to pay his federal taxes.
A spokesperson for the state says the refunds are issued as quickly as possible as cash flow allows. Last month, there was a $20 million drop in revenue collections from the same time last year.
Peters says the delay makes him nervous about Missouri's finances.
"You pay your taxes and hope they use the money as wisely as possible," said Peters. "You hear a lot of stories about them not doing that but you're just kind of concerned that if a state can't pay their bills where's that put us at?"
According to state law, after 90 days from tax day or the day the return was filed, whichever is later, the state has to pay interest on the refund.
Illinois is caught up on its refunds, and so was Missouri this time last year.