After falling by 6.9% in FY 2009, and another 9.1% in FY 2010, Missouri’s net General Revenue collections increased 5.9% in FY 2011. Moreover, the net GR total exceeded the consensus revenue estimate by $159.2 million, providing the state with much needed revenue in the Read More

On August 2nd, the nation will reach its statutory debt ceiling. Some policymakers are proposing to use this looming deadline as an opportunity to include dangerous fiscal policy proposals in the debt ceiling legislation, including global spending caps and balanced budget Read More

Earlier this month, Governor Nixon approved Missouri’s FY 2012 budget, reducing the budget passed by the General Assembly by an additional $172 million. For more information on the budget restrictions made by the Governor, click here. Read More

A significant portion of the FY 2012 budget restrictions imposed by Governor Nixon are attributable to costs resulting from the multiple natural disasters that have plagued Missouri this spring. While there appears to be bipartisan interest in tapping into a portion of the Read More

A significant portion of the FY 2012 budget restrictions imposed by Governor Nixon are attributable to costs resulting from the multiple natural disasters that have plagued Missouri this spring. While there appears to be bipartisan interest in tapping into a portion of the Read More

The Governor cut $115 million in state funds as he signed the FY 2012 budget bills. However, the cuts may be unnecessary as legislative leaders recently indicated bipartisan interest in utilizing the state’s rainy day fund and other options for Missouri’s Read More

The Missouri legislation session has concluded.  While the legislature largely protected many priorities for Missourians, specifically senior citizens, they failed to use a balanced approach in addressing the state’s ongoing budget crisis and missed critical Read More

The Missouri legislation session has concluded.  While the legislature largely protected many priorities for Missourians, specifically senior citizens, they failed to use a balanced approach in addressing the state’s ongoing budget crisis and missed critical Read More

The legislature agreed to a FY 2012 budget that cuts approximately $700 million. While it salvaged some critical programs, it also relies on the passage of several other bills and does not take a balanced approach to ongoing revenue shortfalls. To learn more, click here. Read More

For the most recent quarter of the fiscal year, general revenues increased 10.9 percent, marking the fourth consecutive quarter of revenue growth. This sustained revenue growth indicates that the worst of the revenue decline is over. However, the state continues to face enormous Read More