That part of the Governor’s budget proposal would have drawn down $908 million in federal funds for Fiscal Year 2014, which begins July 1st. House Budget Chair Rick Stream (R, Kirkwood) says as a result, the Governor’s projected $46 million in savings is also being removed from the budget.
Updated at 5:45 a.m. to include feature story on the Governor's State of the State Address by Marshall Griffin.
Governor Jay Nixon (D) pitched a $25.7 billion budget to the state of Missouri during Monday’s State of the State Address. It includes spending increases for K-12 schools, Higher Education, and the proposed Medicaid expansion he’s been calling for since late November. St. Louis Public Radio’s Marshall Griffin takes a closer look at the Governor’s speech and his proposed spending plan for next year:
The hallmark issue may be Medicaid expansion. Topics of tax credits and arming classroom teachers are also expected to come up for debate.
Host Don Marsh talked with St. Louis Public Radio’s statehouse reporter Marshall Griffin, St. Louis Beacon political reporter Jo Mannies, and University of Missouri – St. Louis political science professor Terry Jones about the upcoming session.
Nixon and GOP legislative leaders are expecting a 3.1 percent growth in state revenues during the next fiscal year. Patrick Werner heads the Missouri Chapter of Americans for Prosperity, which advocates for fiscally conservative practices. He says any left over money should either be returned to taxpayers or socked away in the state’s Rainy Day fund.
Gov. Jay Nixon's administration is bolstering his plan to expand Missouri's Medicaid program with an analysis estimating that it could save the state money in the near future.
Figures released this past week by Nixon's budget office show Missouri could see a nearly $47 million increase in general revenues during the first year of the Medicaid expansion in 2014. That boost in state revenues would grow to nearly $140 million in 2016 before beginning to decline.