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.
Governor Jay Nixon (D) is warning Missouri’s college administrators not to raise tuition to make up the difference in budget cuts he announced this week during his annual State of the State Address.
The governor wants to cut the state’s Higher Education budget by nearly $106 million, or 12.5 percent. During his address Tuesday he indicated that he wants universities to leave tuition levels where they are.
The campus of the University of Missouri in Columbia, Mo. Missouri state Sen. Kurt Schaefer, R-Columbia, says he does not intend to follow Gov. Nixon's recommendation of a 12.5 percent cut to higher education institutions in the state.
Senate Appropriations Committee Chairman Kurt Schaefer said Wednesday he does not intend to follow Nixon's recommendation. The Columbia Republican says the cut would be a huge blow to higher education.