Cost-Cutting Seen by New Missouri Budget Director

Shields, Yvette
March 2005
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p4
Trade Publication
The article focuses on the budget envisaged by Missouri Budget Director Larry Schepker. The proposed $19 billion budget includes $176 million in additional education funding, cuts Medicaid by $626 million, trims departmental spending by $240 million and eliminates 1,456 positions from the state's workforce for total spending reductions of $1.1 billion. The budget is built upon the assumption that revenues will grow by about 3.1%, down slightly from 3.8% growth expected in the current fiscal year. That's due to the fact that the general fund will lose some revenue from transportation-related taxes that will no longer be diverted from the highway and transportation commission fund.


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