Mike Kehoe Cuts Nearly $500 Million From Missouri's $50.7 Billion Budget
Updated
Updated · St. Louis Post-Dispatch · Jun 30
Mike Kehoe Cuts Nearly $500 Million From Missouri's $50.7 Billion Budget
3 articles · Updated · St. Louis Post-Dispatch · Jun 30
Summary
$500 million in proposed spending was stripped from Missouri's $50.7 billion budget plan Tuesday as Gov. Mike Kehoe moved to adjust for weaker state revenue growth.
Slowing revenue growth drove the cuts, signaling a more cautious spending stance even as lawmakers had assembled a larger overall budget package.
Jefferson City now faces a tighter fiscal path as the reductions reshape what the state can fund in the coming budget year.