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Fiscal Year 2015 Budget Contains Critical Increases for Public Services

Earlier this month, the Missouri General Assembly gave final approval to the state’s fiscal year 2015 (FY
2015) budget. While the $26.4 billion total funding included in the budget amounts to about a 3.4 percent
increase compared to the previous year, these investments may be in jeopardy as a result of sharply
decreased state revenue in the current year and a series of special interest tax breaks that will reduce state revenue. As a result, mid-year FY 2015 budget reductions or gubernatorial spending vetoes are likely….

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