Missouri budget

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.” 

Read more
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.

MO Statehouse
3:25 pm
Fri November 25, 2011

Nixon: lack of action by supercommittee could impact Mo. state budget

An interior view of the Missouri State Capitol building in Jefferson City, Mo.
(via Flickr/jimbowen0306)

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.

Mo. State Revenue
3:34 pm
Wed November 2, 2011

Missouri revenues falling short of budget

(via Flickr/_J_D_R)

Missouri's revenues have fallen slightly short of what's needed to meet the budget through the first third of the state fiscal year.

Figures released Wednesday by the state Office of Administration show general revenues rose 1.2 percent through October compared with the same point in the previous fiscal year.

State budget director Linda Luebbering says revenues need to grow at around 2 percent to meet the mark set by the budget.

Read more
MO Statehouse/Nixon on withholds
5:32 pm
Mon August 29, 2011

Nixon defends withholdings from FY2012 budget

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Gov. Jay Nixon is continuing to defend a decision to withhold more than $170 million from the fiscal year 2012 budget, despite a constitutional challenge from another statewide official.

Read more
MO Statehouse/Withholding audit
2:46 pm
Fri August 19, 2011

Schweich sharply critical of budget withholdings for disasters

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.
(UPI/Tom Uhlenbrock)

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.

Read more
University of Missouri announces cuts
4:57 pm
Wed June 29, 2011

University of Missouri announces cuts to balance the budget

(via Flickr/Adam Procter)

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.

Read more
Missouri Film Office
12:00 am
Mon June 27, 2011

State film office closes Thursday

Budget cuts are forcing the Missouri Film Office to close its doors on Thursday.
(via Flickr/derrickcollins)

The two-person office that helped directors find locations, talent and equipment when they shot movies in Missouri is closing its doors Thursday, the victim of ongoing tight budgets.

Read more
State of Missouri Budget
2:06 pm
Fri June 10, 2011

Nixon signs, and cuts, FY2012 Mo. budget

An interior view of the dome at the Missouri State Capitol building in Jefferson City, Mo. Mo. Gov. Jay Nixon has cut $172 million from the state budget today, including cuts to education.
(via Flickr/jennlynndesign)

Governor Jay Nixon (D) has signed Missouri’s $23 billion budget for the next fiscal year into law – but he’s also slashed $172 million from the spending plan that takes effect July first.

Nixon says the cuts are needed not only to keep the state budget balanced, but to also help cover storm damage costs.

Read more
Morning Round-Up
8:22 am
Fri June 10, 2011

Morning Headlines: Friday, June 10, 2011

Gov. Jay Nixon is expected to sign the budget for Missouri's upcoming fiscal year today. He could make as many as $113 million in cuts.
(UPI/Bill Greenblatt)

Nixon to sign budget, Missouri RX bills

Gov. Jay Nixon will sign the 2012 budget for the state of Missouri - and cuts to the $23 billion spending plan are already in the works.

The governor said two weeks ago he would have to cut at least $113 million. Much of that is due to unplanned expenses from the Joplin tornado and flooding in southeast Missouri. More cuts could be necessary as the state is now also responding to floods along the Missouri River in the northwest corner of the state.

Read more

Pages