Jefferson City, MO – Republican lawmakers say they can balance this year's Missouri budget without cutting money for public schools or state colleges.
The Republicans outlined their plan to Democratic Governor Holden this afternoon. He has warned that $360 million in cuts could be necessary for education if lawmakers don't approve his balancing plan.
Holden wants the Legislature to authorize a bond sale against the state's tobacco settlement. He wants to use almost all of the bonds to cover this year's short-fall.
Jefferson City, MO – There's still no end in sight for Missouri's financial troubles.
The latest state revenue figures show the state fell another $23 million behind its budget in January. That raises the projected state budget shortfall to $314 million for the fiscal year that ends this June.
Two of the state's leading revenue sources -- sales and individual income taxes -- both declined last month, compared to the previous year.