© 2022 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Other

Economist says Missouri could face major budget problems

By AP/KWMU

Jefferson City, MO – A former chief state economist says Missouri could face major budget shortfalls in the next two fiscal years if state revenue trends continue.

Tom Kruckemeyer now works for the Missouri Budget Project. He said his estimates are based on this year's consensus revenue estimate.

The deficits occur when factors such as tax cuts, inflation and spending to maintain the states current services are taken into consideration.

He said the revenue base has eroded so much the state is going to have trouble maintaining its budget posture past 2009.

Other

Send questions and comments about this story to feedback@stlpublicradio.org.