Missouri's revenues continue to be behind what is needed to balance the budget. January's figures show that net state revenues grew two percent over the same month last year.
The fiscal year began in July. For the first seven months of the 2012 fiscal year, Missouri's general revenues were up 1.3 percent. That is almost half the 2.7 percent growth rate that the governor's budget office says is needed to meet the budget.
The proposed exchange is part of the national health care law signed by President Obama nearly two years ago. All states are required to have an online exchange where customers can buy health coverage, and any state that doesn’t have one by the year 2014 will have one created for them by Washington. The bill sponsored by State Senator Rob Schaaf (R, St. Joseph) would block the Governor and any agency under his authority from creating an exchange by executive order.
Missouri insurance officials have postponed a vote to draw down $13 million from Washington that would be used to help set up a health insurance exchange. The exchange is required by the new federal health care law.