Governor Nixon works to balance 2017 fiscal year budget

2 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
COLUMBIA - The Columbia Police Department investigated a shots heard call on Tuesday evening. The incident happened at the... More >>
8 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 10:03:00 PM CDT October 16, 2018 in Top Stories
COLUMBIA - The Columbia Neighborhood Watch recently secured funding for next year. The Columbia City Council awarded them this money... More >>
10 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:17:00 PM CDT October 16, 2018 in News
COLUMBIA – Burrell Behavioral Health introduced a medicine-first approach to its facilities in Missouri’s central region to help clients with... More >>
11 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 6:40:00 PM CDT October 16, 2018 in News
COLUMBIA - A Columbia woman will be collecting items to transport down to Florida in order to help the recovery... More >>
11 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 6:40:00 PM CDT October 16, 2018 in Continuous News
COLUMBIA - Despite a wide gap in their campaign finances, Sen. Claire McCaskill and Josh Hawley remain locked in a... More >>
12 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 6:20:00 PM CDT October 16, 2018 in News
JEFFERSON CITY (AP) — Missouri vehicle owners will be getting new red, white and blue license plates to commemorate the... More >>
12 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 5:48:00 PM CDT October 16, 2018 in News
JEFFERSON CITY – A New York man pleaded guilty on Tuesday to two counts of attempting to produce child pornography.... More >>
14 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 4:21:00 PM CDT October 16, 2018 in News
COLUMBIA - Jerome Sally, a Hickman High School assistant principal, is suing Columbia Public Schools as a result of "systemic... More >>
15 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 3:23:00 PM CDT October 16, 2018 in News
COLUMBIA - Lt. Governor Mike Kehoe made a stop in Columbia Tuesday to campaign for Proposition D, the gas tax... More >>
17 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:28:00 PM CDT October 16, 2018 in News
COLUMBIA - A Royal Inn manager said Tuesday the maintenance team was beginning renovations when the building's second-floor walkway came... More >>
17 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:25:00 PM CDT October 16, 2018 in News
JEFFERSON CITY - A federal judge sent the lawsuit over Kenneth Suttner's death back to circuit court on Friday after... More >>
17 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 1:01:17 PM CDT October 16, 2018 in News
(CNN) -- The problem of unsolicited robocalls has gotten so bad that... More >>
19 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 11:19:50 AM CDT October 16, 2018 in News
COLUMBIA - A Kansas woman connected to a deadly car crash in Boone County has been sentenced to five years... More >>
20 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 10:27:00 AM CDT October 16, 2018 in News
COLUMBIA - A Boonville man will spend the next decade in prison after pleading guilty to a deadly 2017 shooting.... More >>
20 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 10:13:00 AM CDT October 16, 2018 in News
CALIFORNIA - A former employee in the Russellville and California school districts pleaded guilty Friday to having sexual contact with... More >>
21 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:43:00 AM CDT October 16, 2018 in News
ST. LOUIS (AP) — Water levels on the Mississippi River are dropping north of St. Louis after high waters forced... More >>
21 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:38:00 AM CDT October 16, 2018 in News
COLUMBIA - A man will spend the next nine years in prison after pleading guilty to a deadly November 2017... More >>
21 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:37:36 AM CDT October 16, 2018 in News
JEFFERSON CITY - The Missouri State Treasurer’s Office put out a warning monday about a tax scam attempt. According... More >>
22 hours ago Tuesday, October 16 2018 Oct 16, 2018 Tuesday, October 16, 2018 8:12:00 AM CDT October 16, 2018 in News
Columbia, MO
Broken Clouds 42°
7am 37°
8am 39°
9am 44°
10am 47°