Missouri closed out its 2012 fiscal year with slightly better-than-expected revenues. But that doesn't necessarily translate to a budget surplus.
Figures released Tuesday show Missouri had more than $7.3 billion in general revenues during the fiscal year that ended June 30. That's up more than 3.2 percent compared with the 2011 fiscal year. And it's also better than the 2.7 percent growth rate upon which the budget had been based.
“We’re gonna add language that everyone in that program has to go through Medicaid eligibility, so that we determine who is Medicaid eligible and who’s not…that’s the first threshold," Schaefer said. "The second is we’re gonna put in language to establish a premium.”
Good morning! Here are a couple of the stories we've followed this morning to get you started:
Relatives of teen killed by police want answers
Relatives of a 15-year-old boy shot and killed by St. Louis County police are disputing police claims that the teen had a gun when he was shot. The shooting happened Tuesday night in the Glasgow Village area of north St. Louis County.
Budget hearings have begun in the Missouri Senate, and already there are notable differences with the House in where that chamber wants to make cuts.
While the House budget would give state workers earning less than $70,000 per year a two percent raise, the Senate version would limit those raises to workers making less than $45,000 per year. Kurt Schaefer (R, Columbia) chairs the Senate Appropriations Committee.
One day after the Missouri House gave first-round approval to the state budget, a state Senator is threatening to derail the entire budget process.
Jason Crowell (R, Cape Girardeau) is objecting to the use of one-time sources of money to plug holes in the FY2013 budget. He singled out both Democratic Governor Jay Nixon and House GOP leaders for plans to divert $40 million from a federal mortgage settlement to the state’s Higher Education budget.