Missouri budget spends more despite flat revenues - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Missouri budget spends more despite flat revenues

JEFFERSON CITY, Mo. (AP) - Missouri's tax revenues have been falling short of expectations. Yet spending is on the rise in the Missouri Legislature.

Legislators this past week approved a $26.4 billion operating budget for the fiscal year that starts in July. It represents a greater than 6 percent increase over the current budget.

Yet state revenues for the current budget year are essentially flat and have fallen short of projections in three of the last four months.

House and Senate budget leaders acknowledge some concern, but they remain hopeful that revenues will still grow enough to fund everything in the budget.

If revenues continue to fall short of projections, it could be up to Gov. Jay Nixon to make budget cuts.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Heartland NewsNewsMore>>

  • Honor Flight from Marion, IL to Washington, D.C.

    Honor Flight from Marion, IL to Washington, D.C.

    Tuesday, April 24 2018 10:12 PM EDT2018-04-25 02:12:52 GMT
    Veterans make their way to Washington D.C. (Source: Rob Foote, KFVS)Veterans make their way to Washington D.C. (Source: Rob Foote, KFVS)

    The 55 veterans are from the area around Marion, Illinois. This trip comes at no cost to the veterans. It is paid for by donations from corporate sponsors and private donors.

    The 55 veterans are from the area around Marion, Illinois. This trip comes at no cost to the veterans. It is paid for by donations from corporate sponsors and private donors.

  • First Alert: Skies to clear, nice evening

    First Alert: Skies to clear, nice evening

    Tuesday, April 24 2018 10:10 PM EDT2018-04-25 02:10:58 GMT
    Rain could be moving back into the Heartland tomorrow night. (Source: KFVS)Rain could be moving back into the Heartland tomorrow night. (Source: KFVS)
    Rain could be moving back into the Heartland tomorrow night. (Source: KFVS)Rain could be moving back into the Heartland tomorrow night. (Source: KFVS)

    Drier air is moving in. Chief Meteorologist Grant Dade says the skies will gradually start to clear, and this evening looks nice.?

    Drier air is moving in. Chief Meteorologist Grant Dade says the skies will gradually start to clear, and this evening looks nice.?

  • Shooting investigation underway in Sikeston, MO

    Shooting investigation underway in Sikeston, MO

    Tuesday, April 24 2018 10:06 PM EDT2018-04-25 02:06:02 GMT
    1 person was shot in Sikeston, MO (Source: Nicole Cartmell, KFVS)1 person was shot in Sikeston, MO (Source: Nicole Cartmell, KFVS)

    According to Sikeston DPS Assistant Chief Jim McMillen, one person was shot and taken to an area hospital on Tuesday evening, April 24 with serious injuries.

    According to Sikeston DPS Assistant Chief Jim McMillen, one person was shot and taken to an area hospital on Tuesday evening, April 24 with serious injuries.

Powered by Frankly