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JEFFERSON CITY, Mo. — Despite moderate growth in the month of January, state revenue collections continue to run significantly below the pace needed to cover fiscal year 2012 budget projections. For the month, revenue collections grew by 2 percent compared to last January to $658.5 million. For the fiscal year so far, collections are $4.15 [...]
Continue reading …Notes from the Senate Appropriations Subcommittee on General Government and Transportation 2-1-12
February 2, 2012 No CommentBelow are edited notes taken during the meeting of the Senate Appropriations Subcommittee on General Government and Transportation meeting held on Wednesday, February 1, 2012. It is not a complete transcript of the meeting. Those presenting to the subcommittee are in bold type
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Gov. Bill Haslam said the budget he’ll pitch to legislators Monday evening is one that reflects the state’s priorities “with strategic investments, painful but necessary cuts and some savings for the future.” The governor will reveal his budget proposal for the coming year tonight in his second State of the State address before a joint session of the state’s General Assembly. In a preview of his address Monday morning, Haslam told reporters that increased flexibility in the budget-planning process due to “stronger than anticipated revenue” was balanced by $160 million in one-time federal money leaving the budget
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JEFFERSON CITY, Mo. – In an economic environment where state government increasingly relies on federal subsidies, the Missouri Senate has given first round approval to a bill that creates greater transparency in how the state uses federal funds. On Tuesday, the Missouri Senate perfected a bill that requires state agencies that transfer federal grant funds [...]
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JEFFERSON CITY, Mo. – Calling on Missourians’ “stubborn and self-reliant” spirit, Gov. Jay Nixon urged members of the General Assembly to bridge a gap in next year’s budget, in part by cutting higher education funding by 12.5 percent. During his annual state of the state address Tuesday night, Nixon outlined his recommendations for balancing the [...]
Continue reading …By Benjamin Yount | Illinois Statehouse News SPRINGFIELD — The arithmetic behind Gov.
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