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Lackluster revenue figures could greet Missouri's next governor
JEFFERSON CITY • Missouri’s next governor could face some tough budget choices early next year.
In a review of October’s tax collections released this week, Gov. Jay Nixon’s budget office reported that revenue increased 3.4 percent in the first four months of the fiscal year compared to the same period last year.
That’s a slower rate of growth than what lawmakers and Nixon had hoped for when crafting the state’s $27 billion spending blueprint.
Under that plan, they had projected a growth rate of just under 5.5 percent to ensure the budget would be balanced.
Read more: http://www.stltoday.com/news/local/govt-and-politics/lackluster-revenue-figures-could-greet-missouri-s-next-governor/article_f5ad8807-d907-51f3-80a7-8ca22e648baf.html