Missouri low revenue growth could leave state budget short

3 years 8 months 3 weeks ago Wednesday, January 04 2017 Jan 4, 2017 Wednesday, January 04, 2017 4:28:00 PM CST January 04, 2017 in News
By: Jacob Kornhauser, KOMU 8 Digital Producer, The Associated Press

JEFFERSON CITY - A new report shows Missouri tax revenues are growing more slowly than needed to meet the state budget.

Figures released Wednesday by the state Office of Administration show net general revenues are up 2.2 percent through the first half of the 2017 fiscal year when compared with the same point the previous year.

That's well short of the roughly seven percent growth rate that would be necessary to fully fund the budget.

Democratic Gov. Jay Nixon already has blocked about $200 million of budgeted spending.

Republican Gov.-elect Eric Greitens has indicated he will make more spending cuts after taking office next Monday.

Missouri's 2017 fiscal year began in July 2016 and runs through the end of this June.

More News

Grid
List
STE. GENEVIEVE - Blair Oaks' 51 regular season game win streak ended against Valle Catholic on Friday. Blair Oaks fell... More >>
14 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:47:00 PM CDT September 25, 2020 in Friday Night Fever
(CNN) -- Covid-19 vaccinations could start as early as November, Dr. Anthony Fauci, the nation's leading infectious disease expert, said... More >>
14 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 7:55:00 PM CDT September 25, 2020 in News
COLUMBIA - Columbia’s Goodwill Excel Center Hosted its very first commencement ceremony. The Goodwill Excel Center is a free... More >>
14 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 7:51:00 PM CDT September 25, 2020 in News
JEFFERSON CITY (AP) — Nine television stations have pulled an ad criticizing Democratic candidate for Missouri governor Nicole Galloway. ... More >>
17 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 5:47:00 PM CDT September 25, 2020 in News
MID-MISSOURI - Week five of Friday Night Fever is here. Before you head out to your team's game or tune... More >>
17 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 5:42:00 PM CDT September 25, 2020 in Sports
O'FALLON, Mo. (AP) — A federal appeals court panel is weighing the fate of a sweeping Missouri abortion law, including... More >>
17 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 5:15:01 PM CDT September 25, 2020 in News
Welcome to Week 5 of Friday Night Fever! Our game of the week features the Eldon Mustangs travelling to Southern... More >>
17 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 4:55:00 PM CDT September 25, 2020 in Friday Night Fever
Below are scores from high school football games from across mid-Missouri. Check out KOMU 8's liveblog with updates from some... More >>
17 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 4:54:00 PM CDT September 25, 2020 in Friday Night Fever
ASHLAND - It's Thursday morning. Head football coach Trent Tracy gets to Southern Boone High School to turn on the... More >>
18 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 4:10:00 PM CDT September 25, 2020 in Friday Night Fever
MOUNT VERNON, Mo. (AP) — Nine people have been indicted by a grand jury in connection with the kidnapping and... More >>
18 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 4:05:38 PM CDT September 25, 2020 in News
(CNN) -- President Donald Trump intends to choose Amy Coney Barrett to be the new Supreme Court justice, according to... More >>
19 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 3:16:00 PM CDT September 25, 2020 in News
JEFFERSON CITY - Jefferson City firefighters responded to a structure fire in the 400 block of Marshall Street Friday morning... More >>
22 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 12:12:00 PM CDT September 25, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
23 hours ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 11:09:00 AM CDT September 25, 2020 in News
COLUMBIA-- A group of University of Missouri students is holding a sit-in Friday on Mel Carnahan Quadrangle on the MU... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 10:13:00 AM CDT September 25, 2020 in News
MONITEAU COUNTY - One man is in custody after a police pursuit through mid-Missouri Wednesday. Matthew Scovell, 40, of... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 9:55:00 AM CDT September 25, 2020 in News
MISSOURI- As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. The... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 9:00:00 AM CDT September 25, 2020 in News
(CNN) -- At least 41 people are sick in 10 different states after a salmonella outbreak that has been linked... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:57:53 AM CDT September 25, 2020 in News
WASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg becomes the first woman in American history to lie in state... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:25:00 AM CDT September 25, 2020 in News
Columbia, MO
Broken Clouds 68°
11am 73°
12pm 77°
1pm 81°
2pm 84°