Missouri Budget Project warns of potential for worse revenue growth drop

A group that advocates for low-income Missourians is warning that a drop in revenues two months ago could get worse unless lawmakers take action next year.

Amy Blouin is executive director of the Missouri Budget Project. She says revenue is currently projected to grow at only 4.1 percent, meaning that the state is facing a budget shortfall of $216 million.

“We’re looking at potential shortfalls which could undermine our ability to invest in the education and health and other needs of our citizens,” she said.

State revenues in June came in much lower than expected, prompting Gov. Jay Nixon to withhold $115 million from the new state budget that took effect last month.

 

Read more: St. Louis Public Radio


Tags:

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students