Missouri rang in the new fiscal year with an uptick in income as general-revenue income for July increased 6.5 percent compared to a year ago.
But state Budget Director Linda Luebbering said the state government’s income is below where it needs to be for Missouri to hit the estimates legislators used in putting together their approved budget. She says the state’s income will need to grow by 10 percent this fiscal year to meet legislators’ projections.
Leubbering and her boss, Gov. Jay Nixon, predict income growth will be half that, which is why Nixon announced several budget withholdings earlier this summer.