Saturday, March 06, 2010

Missouri Budget Overstates Revenues By Up To $1 billion; Indiana Revenue Falls Short; Budget Battles In Washington; Budget Gaps In Kansas

Budget news from state after state is grim. When will this matter? No one knows but service cutbacks are coming, as are huge layoffs.

Missouri Budget Overstates Revenues By Up To $1 billion

The Kansas City Star is reporting Nixon's budget may have overestimated Missouri revenues by up to $1 billion http://www.kansascity.com/2010/03/02/17 ... mated.html

The state budget presented six weeks ago by Missouri Gov. Jay Nixon may have overestimated revenues by as much as $1 billion, lawmakers warned Tuesday.

The stunning deficit could force lawmakers to go beyond program and service cuts to consider major structural changes to state government.

“It is clear that even as Missouri’s economy begins to rebound, state revenues will continue to lag for a prolonged period of time,â€