Missouri Budget

With significant infrastructure needs and extraordinarily low borrowing costs, it may be time for MIssouri to consider new bonding proposals.  However, to protect ongoing investments including education, public safety, and social services, lawmakers should also approve a new Read More

Missouri’s investment in public services has eroded as multiple years of revenue declines have resulted in significant cuts to core services, particularly in education and health care. Historical data indicates that Missouri’s state general revenue spending, as a Read More

Missouri general revenue collections for fiscal year 2013 grew by 2.8 percent in August. However, corporate income and individual income tax have had slight declines compared to the previous year. Missouri revenue remains well below the level achieved prior to the recession. Read Read More

The Missouri Department of Transportation faces a steep decline in revenue at the same time that need is increasing dramatically. While there are no easy solutions to this crisis, the Missouri Budget Project evaluates potential solutions in this new report. Read More

Although the FY13 budget is technically balanced, it relies on budgeting maneuvers and optimistic assumptions. As a result, Missouri’s FY 2013 budget may not truly be fully funded, which may necessitate $150 – $200 million in mid-year budget reductions.  For more Read More

The budget may have passed through the legislature, but there is still time for policymakers to enact balanced solutions that include new revenue, protecting the services that all Missourians rely on and improving our economy both now and in the future. To read MBP’s full Read More

Both legislative chambers have approved their versions of the state’s FY 2013 operating budget, and the conference committee will begin meeting at any time to negotiate the differences between the budget bills.  For an explanation of the major differences that need to Read More

Earlier this year, the Missouri House approved a measure that, if approved by the Senate and voter,s would create one of the strictest appropriations lids in the nation.  If the lid had been enacted in 1992, Missouri would have hit the cap in nearly every year from FY 1993 Read More

The streamlined sales and use tax agreement would level the playing field for MO businesses and allow the state to collect taxes owed on online purchases.  However, a recently passed House committee substitute now includes language that would create inherent long-term policy Read More

A new analysis indicates that Missouri’s budget woes are worse than in previous recessions, and that the state will not recover soon. Not only will Missouri continue to experience annual budget shortfalls, but it will not achieve pre-recession purchasing power until FY Read More