Nixon advisor estimates $340 million revenue shortfall
By Marshall Griffin, KWMU
Jefferson City, MO – It appears that Missouri Governor-elect Jay Nixon may have to cut the state's budget, due to the ongoing economic crisis.
Former State Senator Wayne Goode, Nixon's budget advisor, told reporters during a conference call today that the state is facing a revenue shortfall of more than $340 million.
"In my opinion, this is a downturn like none that we've ever seen in the past, but there are so many uncertainties surrounding this downturn, that it's difficult for anyone to tell when we might come out of it," Goode said.
Goode also said that Nixon will announce in the next few days his recommendations on how to control spending.
He would not elaborate on which areas of the state budget might face cuts, but he did say they did not anticipate the need to lay off any state workers.