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9-24-16 Delaware State

Growth continues as Missouri revenues increase 7.7 percent

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Growth continues as Missouri revenues increase 7.7 percent

Jefferson, MO ( KTRS ) The state budget director says Missouri’s revenues continue to increase compared with last year’s. Budget Director Linda Luebbering reports revenues has grown 7.7% this fiscal year. That’s far over Gov. Jay Nixon’s estimate of 4.6%. Nixon had used that estimate to guide spending restrictions on hundreds of millions of dollars approved […]

Growth continues as Missouri revenues increase 7.7 percent

Jefferson, MO ( KTRS ) The state budget director says Missouri’s revenues continue to increase compared with last year’s.

Budget Director Linda Luebbering reports revenues has grown 7.7% this fiscal year. That’s far over Gov. Jay Nixon’s estimate of 4.6%. Nixon had used that estimate to guide spending restrictions on hundreds of millions of dollars approved for use by the Legislature last session.

Net general revenues also increased 11.9% in April compared with the same time last year. The increasing revenues allowed the state to return $400 million borrowed from the state’s reserve fund.

The constitutional deadline to repay that money is May 15.

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