With Declining Lottery, Gambling Revenue, Nixon Cuts Education Budget

Gov. Jay Nixon said he will withhold $35 million from the education budget for the fiscal year ending June 30 due to declining lottery and riverboat gaming revenue. In January, Nixon requested $44 million in the supplement to the fiscal year 2014 budget because of shrinking revenue from riverboat gambling and the lottery. Lawmakers appropriated only $22 million in April. The continued decline of these revenue streams has Nixon concerned about the fiscal year 2015 projections, especially because he feels the Legislature was overly optimistic about riverboat gambling revenue.

Read more from the St. Louis Post-Dispatch

 


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

Learn more