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.
A new spending plan for K-12 education in Missouri is now law.
Gov. Jay Nixon signed the education budget last night at a Kansas City-area Boys State event.
The budget includes record funding for public schools, but remains below the levels called for in the state's education funding formula. A fix was supposed to be a priority for lawmakers in the last legislative session, but the Republican Party couldn't agree on a solution.
Missouri's 7.4 percent jobless rate is the lowest it's been in more than three years - but that's bad news for about 9,000 of the state's 112,000 people receiving unemployment benefits.
State lawmakers last year outlasted a determined filibuster by Republican Senator Jim Lembke to approve an additional 20 weeks in benefits - funded entirely by the federal government - for Missouri residents who had been out of work for 79 weeks, or more than a year and a half.
The state of Missouri has stayed within a constitutional revenue limit for the 12th budget year in a row.
State auditor Tom Schweich released the yearly report on the Hancock amendment today. That amendment, passed in 1980, uses a mathematical formula to set a limit on the amount of personal income that can be used to fund the operations of state government. Any amount above that limit must be refunded to Missouri residents.
According to a statement from the the St. Louis Convention and Visitors Commission released this morning, the St. Louis Rams have turned down the CVC's $124 million plan to overhaul the Edwards Jones Dome.
The CVC's plan included adding 1,500 new club seats, installing a massive 96 foot-long scoreboard over the center of the field and adding windows for more natural light.
The CVC says the team "will submit their own proposal to improve the Edward Jones Dome on or before May 1, 2012."