Report: Missouri revenues not on pace to fully fund budget - KCTV5

Report: Missouri revenues not on pace to fully fund budget

Posted: Updated:
Revenues also are below the scaled-back 3 percent growth mark that Republican Gov. Eric Greitens and lawmakers predicted in January. (KCTV5) Revenues also are below the scaled-back 3 percent growth mark that Republican Gov. Eric Greitens and lawmakers predicted in January. (KCTV5)
JEFFERSON CITY, MO (AP) -

New data show it's unlikely Missouri revenues will grow enough to fully fund the budget passed by lawmakers last year.

State Budget Director Dan Haug on Friday announced state revenues grew 2.6 percent through May compared to the same period last fiscal year.

That's well under the 7 percent needed to fully fund spending outlined in this year's budget and the 3.4 percent legislators originally estimated.

Revenues also are below the scaled-back 3 percent growth mark that Republican Gov. Eric Greitens and lawmakers predicted in January.

Lower-than-expected growth means funding cuts made by Greitens and his predecessor, former Democratic Gov. Jay Nixon, likely will stay in place.

There's only one month left for the state to make up the difference before the start of the next fiscal year.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2017, KCTV; Kansas City, MO. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.