Governor Nixon works to balance 2017 fiscal year budget

3 years 3 months 1 week ago Wednesday, July 06 2016 Jul 6, 2016 Wednesday, July 06, 2016 1:51:00 PM CDT July 06, 2016 in News
By: Jack Barlow, KOMU 8 Reporter
loading

JEFFERSON CITY - Gov. Jay Nixon announced actions he plans to take to balance the budget for 2017's fiscal year Wednesday. Nixon restricted $115.5 million in new or increased spending, but protected multiple education programs.

Nixon said he focused on the planned increase in spending on education throughout the state. The budget has four major increases for different education groups in Missouri.

"Among the historic investments that will not be affected by these actions: a $70 million increase, record funding, for K-12 classrooms. A more than $50 million increase for our colleges and universities ensuring that students don't pay a penny more for tuition this year, and that Missouri remains a national leader in college affordability" Nixon said.

The governor also went on to describe the $7 million increase for scholarship programs and a $200 million increase for programs benefiting people with mental illness and developmental disabilities.

Nixon said the state is trending in the right direction financially but there is a need for adjustment.

"For the fiscal year that ended June 30, revenues grew but at a more modest pace than projected. Which means we have less revenue than what the legislature assumes when it passed the budget for fiscal year 2017," Nixon said.

Nixon also withdrew $750,000 from the UM Review Commission. The $750,000 was taken out of the proposed $1 million budget for the commission. Also speaking about the UM System, the governor said the university would benefit from the money he allocated to keep tuition at the current rate. 

Gov. Nixon does not want the General Assembly to override his vetoes of three tax breaks. If the General Assembly does in fact override the vetoes, Nixon said he would be forced to introduce further restrictions, which could reduce revenues by more than $60 million annually.

The governor said the spending restrictions are necessary because the state experienced a 35 percent decrease in net corporate income taxes.

KOMU reached out to members of the Republican party over the phone, but was unable to obtain a statement. 

More News

Grid
List
MARSHALL - The suspect in a pair of shootings in early October has been caught out of state, police announced... More >>
2 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 9:10:00 PM CDT October 18, 2019 in News
CALIFORNIA - A man heard his sentence on Friday after killing a 20-year-old three years ago for drunk driving. ... More >>
5 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 6:31:00 PM CDT October 18, 2019 in News
COLUMBIA - Below are scores from football games around mid-Missouri. Final scores are in bold. ... More >>
5 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 6:06:00 PM CDT October 18, 2019 in Friday Night Fever
COLUMBIA —The University of Missouri issued a statement Friday that the MU Department of Theatre was "in error" when it... More >>
6 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 5:52:00 PM CDT October 18, 2019 in News
COLUMBIA - Friday Night Fever’s Week 8 Game of the Week features a dominant Helias (6-1) visited by a surging... More >>
6 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 5:44:00 PM CDT October 18, 2019 in Friday Night Fever
COLUMBIA — The True False Film Festival and Ragtag Cinema are dissolving their relationship with Columbia church The Crossing. Cinema... More >>
6 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 5:33:00 PM CDT October 18, 2019 in News
COLUMBIA - Springfield Mayor Ken McClure hosted a group for a strategy session that included Governor Mike Parson in October.... More >>
7 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 4:18:00 PM CDT October 18, 2019 in News
KANSAS CITY - The extent of Kansas City Chiefs quarterback Patrick Mahomes' leg injury sustained during the team's Thursday night... More >>
8 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 3:07:00 PM CDT October 18, 2019 in Sports
JEFFERSON CITY - A damaged downtown Jefferson City building is scheduled for demolition, but the owners have filed an appeal... More >>
9 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 2:26:00 PM CDT October 18, 2019 in Continuous News
COLUMBIA - A drug company's decision is causing new worries for the families of children with cancer. Vincristine, a... More >>
10 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 1:55:00 PM CDT October 18, 2019 in News
JEFFERSON CITY - Jefferson City Police investigated a threat at Thomas Jefferson Middle School on Friday. TJMS sent out... More >>
10 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 1:27:00 PM CDT October 18, 2019 in News
COLUMBIA - A woman is dead after a car crash on Highway 63 in Columbia on Thursday afternoon. Columbia... More >>
12 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 11:57:00 AM CDT October 18, 2019 in Top Stories
COLUMBIA - Leaders from several organizations from around Boone County gathered Friday to talk about various county-wide goals. The... More >>
12 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 11:10:00 AM CDT October 18, 2019 in Top Stories
KANSAS CITY, Mo. (AP) — Authorities are investigating a triple homicide in a Kansas City neighborhood. Police spokesman... More >>
12 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 11:01:00 AM CDT October 18, 2019 in Continuous News
COLUMBIA - A man was arrested Thursday evening after police found dangerous drugs during a routine traffic stop. The arrest... More >>
19 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 4:29:00 AM CDT October 18, 2019 in News
JEFFERSON CITY - The fifth annual Project Homeless Connect begins Friday. The event provides support for those experiencing homelessness,... More >>
20 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 3:23:00 AM CDT October 18, 2019 in Top Stories
COLUMBIA - Sixteen Columbians will travel to Columbia's Japanese sister city, Hakusan City, to reaffirm the relationship between the two... More >>
21 hours ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 2:29:00 AM CDT October 18, 2019 in News
COLUMBIA — After a controversial sermon at The Crossing on Sunday, the LGBTQ community is calling for those involved to... More >>
1 day ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 7:41:00 PM CDT October 17, 2019 in News
Columbia, MO
Broken Clouds 53°
12am 55°
1am 53°
2am 52°
3am 51°