Despite the generally improving economy, Missouri net general revenue collection growth remains sluggish. Collections must grow considerably over the next six months to avoid mid-year budget cuts. To learn more about quarterly trends, click here.

Governor Nixon’s proposed budget continues a 3 year trend of spending cuts to balance the budget. A better approach includes more revenue to keep Missouri from falling further behind, build strong schools, create an environment for job growth, and protect vital programs. Click here to learn more about the budget cuts and their impact.

The Missouri House of Representatives passed a proposal to cap state spending that would damage Missouri’s economy and its ability to create jobs and fund critical services.  To read the full Missouri Budget Project press release, click here.

By relying on a cuts-only approach to the state’s budget crisis, the Governor’s budget proposal will make it harder for students to get the quality education they need to compete in the global economy and for Missouri to attract jobs to our state. To read Missouri Budget Project Executive Director Amy Blouin’s full statement on the Governor’s budget, click here.

The state of Missouri will face a budget shortfall nearing $800 million in fiscal year 2013, making it more difficult than ever for the state to make vital investments to create jobs and boost our economy, according to a new analysis by the Missouri Budget Project. The shortfall is more than $300 million more than previous estimates by the state.  To read the full analysis, click here.  To read the MBP press release, click here.

The state of Missouri will face a budget shortfall nearing $800 million in FY 2013, making it more difficult than ever for the state to make vital investments to create jobs and boost our economy, according to a new analysis. The shortfall is more than $300 million more than previously estimated by the state.
Click here to read the full press release with comments from Executive Director Amy Blouin.

Census data show that Missourians’ median income has dropped, growing numbers of Missourians are poor, unemployment is high, and record numbers are uninsured. However, situations vary broadly across Missouri. Click here to see how these metrics compare across Missouri’s congressional districts.

A new national report found that Missouri was one of only a few states that tax working poor families below the poverty threshold, emphasizing the need to carefully reform its outdated income tax structure. To read the full Missouri Budget Project press release on the issue, click here.

Invitation

Despite falling 1.5 percent in September, net General Revenue collections increased 1.9 percent for the quarter ending in September. However, the state still faces a major budget shortfall in FY 2013. The revenue declines seen in FYs 2009 and 2010 were the largest sustained decline since the Great Depression, and FY 2011 GR collections were below those of FY 2006. To learn more about first quarter revenue, click here.