Linda Luebbering

Missouri revenues
12:01 pm
Tue June 5, 2012

Mo. revenues ahead of projections, up 3.4 percent

Missouri’s revenues rose more than expected during the month of May.

The state collected about $6.6 billion in revenue last month, compared to just under $6.4 billion in May of 2011.  Governor Jay Nixon’s Budget Director, Linda Luebbering, credits most of the improvement to higher collections of state income and sales taxes.

“That's the good news, things are picking up,"  Luebbering said.  "I think we do have to be cautious, still, because of what’s going on at the national and particularly the international picture, with European Union issues and everything that's going on globally that could have some bearing on the overall economy.”

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Missouri State Budget
2:18 pm
Mon January 23, 2012

Mo. plans to refinance more than $500M in debt

(via Flickr/yomanimus)

Missouri is planning to refinance more than $500 million of debt as part of Gov. Jay Nixon's plan to balance the state budget.

Nixon's budget proposal for the next fiscal year assumes the state will save $41 million from the debt restructuring.

The governor's budget office says the state already has refinanced $20 million of principal from the debt used to build Mizzou Arena at the University of Missouri-Columbia.

Missouri State Budget
11:48 am
Thu January 5, 2012

Missouri revenues falling short of budget

(via Flickr/_J_D_R)

Halfway through Missouri's budget year, state revenues are sluggish.

The state budget office reported Thursday that Missouri's revenue increased 1.2 percent through the first six months of the 2012 fiscal year. Revenues need to grow at about 2.7 percent to meet the mark set by the budget.

Budget Director Linda Luebbering says the revenue report was "concerning." But she noted that the revenue could improve in the second half of the budget year. Missouri budgets take effect July 1.

State of Missouri Budget
3:18 pm
Tue January 3, 2012

Missouri facing $500M hole in upcoming budget

An interior view of a domed ceiling at the Missouri State Capitol building in Jefferson City, Mo. Lawmakers face a $500 million budget gap as they begin their 2012 session Jan. 4.
(via Flickr/jennlynndesign)

Missouri lawmakers will be trying to plug a half-billion-dollar gap in next year's budget when they convene their 2012 session on Wednesday.

State budget director Linda Luebbering says much of the hole is due to a reduction in federal money, such as stimulus funds and Medicaid payments.  However, State Senator David Pearce (R, Warrensburg) suggests that that number is not set in stone.

“There are predictions anywhere from $400 to $900 million, (that could) be our shortfall for this upcoming year," Pearce said.  "How do you fill that?  It’s gonna be tough.” 

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State of Missouri Budget
4:01 pm
Fri December 2, 2011

Mo. revenue increases through November, but falling short of expected numbers

(via Flickr/_J_D_R)

Missouri tax revenues have increased this year but are falling short of what was expected in the state's budget.

The state Office of Administration reported Friday that state revenues through November increased 2 percent, to $2.84 billion from $2.78 billion last year. So far, sales tax collections are up 3.4 percent but corporate income taxes are down 10.7 percent.

Morning round-up
9:24 am
Fri August 5, 2011

Morning headlines: Friday, August 5, 2011

Missouri's gross revenue collection in July was up by .6 percent as compared to July 2010.
flickr/yomanimus

Mo. Gross Revenue Up Slightly

Missouri’s gross revenue collection in July was up by .6 percent as compared to July 2010.

The revenue increase is driven by strong individual income tax collection, which was up 9.3 percent over the same time last year. Sales taxes remain stagnant, according to state budget director Linda Luebbering. She blames low sales tax collection on a stubbornly high unemployment rate.

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