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

Missouri budget spends more despite flat revenues

Posted: Updated:

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 This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.