Consensus Lacking on State Revenue Projections
Jefferson City, MO – When Governor Holden presents a budget
tomorrow, there will be no agreement on how much money the state has available to spend.
For the first time since a consensus revenue estimate system was developed a decade ago, there is no consensus.
Incoming House Budget Chairman Carl Bearden has refused to endorse the estimate developed by economists and agreed to by the Senate and governor's office.
But Holden plans to go ahead and present a budget based on the projected two and a half percent growth.
Bearden has two issues. First, he doesn't want to support a revenue estimate until he is officially appointed budget chairman.
More importantly, Bearden says he has concerns that previous estimates over-shot the state's actual revenues. 90.7 KWMU will cover the Governor's State of the State Address live Tuesday morning at 10:30.