Missouri state spending

Missouri State Reserve Fund
1:56 pm
Tue April 3, 2012

Missouri uses $100M from budget reserve fund

Missouri is tapping a state budget reserve fund for cash flow purposes.

The state Office of Administration said Tuesday that $100 million was borrowed from the reserve fund in March.

It's the third time money has been used from the reserve in the budget year that began last July. The state used $75 million from the reserve in December and $150 million in February. All $325 million borrowed from the fund is to be repaid by May 15.

Capping state spending
3:22 pm
Wed January 11, 2012

Mo. House panel endorses spending limit proposal

Mo. Capitol
(Marshall Griffin/St. Louis Public Radio)

A proposed constitutional amendment that would cap the size of the state’s budget has passed a Missouri House committee.

The measure would prevent lawmakers from increasing state spending more than the rate of inflation. They would also have to take population growth into account when writing the state budget.  It’s sponsored by State Representative Eric Burlison (R, Springfield).

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