Mo. Uses $175M from Reserve Fund for Cash Flow

5 years 2 months 3 weeks ago Tuesday, April 02 2013 Apr 2, 2013 Tuesday, April 02, 2013 1:30:42 PM CDT April 02, 2013 in News
By: Associated Press

JEFFERSON CITY - Missouri has used a state budget reserve fund to improve its cash flow.

The Office of Administration reported that $175 million was borrowed from the Budget Reserve Fund in March. The state now has used $375 million during the current year. All the money will be repaid by May 15.

Budget Director Linda Luebbering said Tuesday the state regularly uses the reserve fund during March. She says those who receive tax refunds frequently file faster than those who owe additional taxes.

Officials also reported Tuesday that state revenues through the first three-quarters of the fiscal year have increased 8.3 percent compared with last year.

Individual tax collections are up about 5.3 percent and corporate income taxes are up 4.3 percent. Sales taxes are up less than 1 percent.

More News

Grid
List
COLUMBIA - The Missouri Bikers Against Child Abuse group met with children to discuss past altercations with abusers in their... More >>
2 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 9:04:00 AM CDT June 24, 2018 in Top Stories
COLUMBIA - Columbia Water & Light's outage map showed 1,500 customers without power in central and northeastern Columbia Sunday morning.... More >>
2 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 8:53:00 AM CDT June 24, 2018 in News
COLUMBIA - MU has saved money and reduced emissions through its long-term energy efficiency programs. The university has reduced... More >>
3 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 8:20:00 AM CDT June 24, 2018 in Top Stories
ST. LOUIS - An attorney is suing a nonprofit group connected to former Gov. Eric Greitens for its records. ... More >>
13 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 9:52:00 PM CDT June 23, 2018 in News
RIYADH, Saudi Arabia (AP) — Outside a sprawling mall in the Saudi capital, Riyadh, young single men and women walk... More >>
17 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 6:21:17 PM CDT June 23, 2018 in News
COLUMBIA - One softball player is setting her team up for success before she leaves for college. On Saturday,... More >>
18 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 4:54:00 PM CDT June 23, 2018 in News
COLUMBIA - The discussion on community policing continues to ripple through Columbia after a citywide meeting Saturday. The City... More >>
20 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:31:00 PM CDT June 23, 2018 in News
KANSAS CITY, Mo. (AP) — Kansas City police are investigating the shooting death of a man near a house in... More >>
20 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:12:00 PM CDT June 23, 2018 in News
(CNN) -- White House press secretary Sarah Sanders said she was kicked out of a Virginia restaurant by its owner... More >>
20 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:47:00 PM CDT June 23, 2018 in News
COLUMBIA (AP) — The wife of a former University of Missouri football coach is helping her husband remember the details... More >>
21 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:18:00 PM CDT June 23, 2018 in News
COLUMBIA – Reaching all generations was the goal of one Columbia woman on Saturday. Cheryl Miller is the president... More >>
22 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 1:03:00 PM CDT June 23, 2018 in News
CAMDEN COUNTY - Two teenage boys suffered serious injuries in an ATV accident Friday night, according to the Missouri State... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 9:34:00 AM CDT June 23, 2018 in News
ST. LOUIS (AP) — A national gathering in St. Louis in September will focus on election security. Missouri... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 7:54:00 AM CDT June 23, 2018 in News
FULTON - The city of Fulton kicked off their annual Street Festival in style Friday with live music, a carnival,... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:23:00 AM CDT June 23, 2018 in News
KANSAS CITY, Kan. (AP) — A 30-year-old inmate was charged Friday with capital murder in the shooting deaths of... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 8:41:21 PM CDT June 22, 2018 in News
BOONVILLE - People will see a few more cars drive through town this weekend, as the city celebrates its annual... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 5:41:00 PM CDT June 22, 2018 in News
BOONVILLE – Police said a technician at a local gas station found an internal skimmer device inside a gas pump... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 4:49:00 PM CDT June 22, 2018 in News
CALLAWAY COUNTY - A Fulton man could face more than 200 years in prison after being found guilty of 12... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 4:01:00 PM CDT June 22, 2018 in News
Columbia, MO
Broken Clouds 82°
12pm 87°
1pm 88°
2pm 89°
3pm 89°