Dan Haug | St. Louis Public Radio

Dan Haug

Public schools and other institutions in Missouri that receive state money likely won’t see any last-minute cuts before the fiscal year ends June 30, budget chief Dan Haug said Friday.

That’s even with the state’s income collections running slightly behind estimates used to craft the current budget.

Susannah Lohr | St. Louis Public Radio

Despite all the talk about Missouri’s shaky income numbers, the state’s revenue collections have picked up significantly in recent months, which could help ease legislators’ concerns as they finish fashioning a budget for the fiscal year that begins July 1.

In other words, if trends continue, lawmakers might not have to cut as much as they planned.

Tax credits | Flickr

Although Missouri’s state revenue collections dropped slightly in December, the state’s budget chief says plans are still on track for Gov. Jay Nixon to base his budget proposal on a hoped-for 4.1 percent income hike during the coming fiscal year.

Missouri Budget Director Dan Haug says Nixon and the General Assembly’s budget chairmen have tentatively agreed on that income growth estimate to use in crafting budgets. Based on the 4.1 percent hike,  $360 million in additional revenue should be available for the fiscal year that begins July 1.