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.
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.
Missouri Governor Jay Nixon will shift $25 million from next year’s state budget to help pay for damage in Joplin caused by last weekend’s deadly tornado.
Nixon says he doesn’t yet know which areas of the FY 2012 budget he’ll use to help offset tornado expenses.
“What decisions we have to make because of that to trim the budget and to balance, we’ll make over the coming weeks…if the demands for dollars continue to move up, we clearly have other sources, other ways to get resources,” Nixon said.
Mo. Gov. Jay Nixon says he's confident his office can reach agreement with state House and Senate members over a series of tax breaks - known as "Aerotropolis" - designed to boost St. Louis as a hub for Chinese cargo.
After Guilty Verdict, Jury Will Now Decide Coleman's Punishment
The jury that convicted Christopher Coleman in the murder of his wife and sons now must decide whether he’s eligible for the death penalty.
Jurors deliberated for nearly 15 hours over two days before finding the 34-year-old Coleman guilty of three counts of first-degree murder Thursday evening. Thirty-one-year-old Sheri Coleman and the couple's 9- and 11-year-old sons were strangled in their Columbia home in May 2009.
On Second Anniversary of Murders, Coleman Jury Deliberates
The jurors in the Christopher Coleman triple murder trial will begin a second day of deliberations. Coleman, a former Marine, is accused of strangling his wife and two sons in order to advance a love affair and protect his job working for Joyce Meyer Ministries.
Jurors began deliberating Wednesday, Day 8 of the trial. The defense opened their case Wednesday morning and called two witnesses: a handwriting expert and a forensic linguist.