Gov. Nixon Announces Spending Restrictions

4 years 4 weeks 11 hours ago Tuesday, June 24 2014 Jun 24, 2014 Tuesday, June 24, 2014 2:13:00 PM CDT June 24, 2014 in News
By: Hanna Battah, KOMU 8 Reporter
loading

JEFFERSON CITY - Gov. Jay Nixon announced spending restrictions and line-item vetoes at the state Capitol on Tuesday. Nixon said he had a hard time making cuts, but they were necessary to ensure economic stability in the state.

"These cuts are absolutely essential to put the budget back in balance," Nixon said. "While eroding our tax base with new loopholes for special interests, the legislature simultaneously littered the budget with earmarks and new government programs, demonstrating misplaced priorities and a stunning lack of fiscal restraint."

Earlier this month, Nixon vetoed several tax breaks and exemptions passed during the final hours of the legislative session. His administration estimated the provisions of the bills would reduce state and local revenues up to $786 million a year.

Sen. Kurt Schaefer, R- Columbia, served as the Senate Appropriations Committee Chair during the session. Schaefer said he does not agree with Nixon's administrative calculations and thinks Nixon is attempting to make a short-term fix for the state's economy.

"This is the first year in a long time that the Governor and the legislature could not come to an agreement," Schaefer said. "The reason our economy is in the situation it is in is because the Governor has no economic development plan."

The Missouri Budget Project issued a press release after Nixon's announcement, stating Tuesday's cuts are only the beginning of more cuts to government programs. The nonprofit group said Missouri is subject to lose more than $1 billion per year if the legislature overrides Nixon's veto of  a "last minute tax cut spree" during the session.

Gov. Nixon's full veto messages can be found on his website. The 2015 fiscal year begins July 1.

 

More News

Grid
List
COLUMBIA - A Columbia mom said she almost got on the duck boat that capsized on Table Rock Lake with... More >>
2 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 10:28:00 PM CDT July 22, 2018 in Top Stories
JEFFERSON CITY - After eight years serving in the Missouri House of Representatives, Rep. Gail McCann Beatty's, D-Kansas City, resignation... More >>
7 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 6:12:00 PM CDT July 22, 2018 in News
LAKE OF THE OZARKS - This recreational lake was just five spots shy of being the most dangerous place to... More >>
7 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 5:55:00 PM CDT July 22, 2018 in News
BRANSON (AP) — A memorial service is scheduled for the people killed when a tourist boat sank in a Missouri... More >>
11 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 1:39:00 PM CDT July 22, 2018 in News
SPRINGFIELD (AP) — Missouri residents may see a limited elk hunt in 2020 if the state's elk herd continues to... More >>
13 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 12:16:00 PM CDT July 22, 2018 in News
(CNN) -- President Donald Trump's lawyers have waived attorney-client privilege on his behalf regarding a secretly recorded conversation he had... More >>
13 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 11:49:18 AM CDT July 22, 2018 in News
COOPER COUNTY - A Blackwater man has died after being hit by a truck on Friday July 20, according to... More >>
14 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 10:42:15 AM CDT July 22, 2018 in News
BRANSON (AP) — "Grab the baby!" Those were the last words Tia Coleman recalls her sister-in-law yelling before the... More >>
15 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 9:59:07 AM CDT July 22, 2018 in News
IOWA CITY, Iowa (AP) — One app promotes itself as a way to discuss sensitive negotiations and human resources problems... More >>
15 hours ago Sunday, July 22 2018 Jul 22, 2018 Sunday, July 22, 2018 9:54:58 AM CDT July 22, 2018 in News
WASHINGTON (AP) — President Donald Trump's choice for the Supreme Court has given members of Congress a pile of material... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 2:52:51 PM CDT July 21, 2018 in News
WASHINGTON (AP) — The maker of a permanent contraceptive implant subject to thousands of injury reports and repeated safety restrictions... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 2:28:05 PM CDT July 21, 2018 in News
(CNN) -- The man accused of carrying out last month's deadly shooting at a Maryland newspaper has been indicted on... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 1:42:30 PM CDT July 21, 2018 in News
COLUMBIA - The 2018 Show-Me State Games kick off Friday, bringing thousands of athletes, coaches and fans from around the... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 1:15:00 PM CDT July 21, 2018 in News
ASHLAND – Seven locations throughout the state are open Saturday for parents to come and get their children I.D.’d, free... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 12:58:00 PM CDT July 21, 2018 in News
(CNN) -- Gracelyn Mae Violet Griffin already had a "Little Nugget" onesie picked out for her before she arrived in... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 12:35:28 PM CDT July 21, 2018 in News
JEFFERSON CITY (AP) — An organization backing one of three competing medical marijuana initiatives in Missouri has continued to bring... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 11:26:00 AM CDT July 21, 2018 in News
COLUMBIA - A group of Columbia moms is starting Missouri Disability Empowerment, a new organization with big goals to help... More >>
1 day ago Saturday, July 21 2018 Jul 21, 2018 Saturday, July 21, 2018 6:33:00 AM CDT July 21, 2018 in News
LAKE OF THE OZARKS - 64 years later, a different lake and nearly triple the death toll, the duck boat... More >>
2 days ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 9:12:00 PM CDT July 20, 2018 in News
Columbia, MO
Broken Clouds 68°
2am 70°
3am 69°
4am 68°
5am 67°