Missouri Governor Jay Nixon says he's monitoring the situation in Washington, following the so-called congressional supercommittee's failure to reach an agreement on reducing the nation's debt. He admits it's possible that the lack of action by Congress could impact Missouri's state budget next year:
"The uncertainties that you have in this job about the dollars coming in are very real…if they fail to reach the continuing resolution to move things forward by the end of the year is something we're looking at, to measure what that would do to the state," Nixon said.
State auditor Tom Schweich is sharply critical of the way Gov. Jay Nixon calculated the $172 million withheld from the FY2012 budget to help pay for natural disasters like the May 22 tornado in Joplin.
Updated with comments from Schweich, statement from Nixon.
Missouri state auditor Tom Schweich has released a report that is sharply critical of Gov. Jay Nixon's decision to withhold $172 million from the current budget to help the state cope with a series of natural disasters.
University of Missouri officials plan to make big cuts to an investment program in order to balance the books after a surprise cut in state funding.
The UM System says the Enterprise Investment Program’s budget will drop from $5 million to less than $3 million. UM System Vice President for Finance and Administration, Nikki Krawitz, said the year-old program helps bring University research and inventions to the marketplace.