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MISSOURI

Missouri

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    • Headlines : Missouri

      Missouri income tax cut goes to Nixon, with veto likely

      StLToday.com | by Virginia Young | April 18, 2014

      The Republican-led Missouri House set up a showdown with Gov. Jay Nixon over tax policy, sending him a bill cutting income taxes by $620 million and predicting a quick override if he vetoes it.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Budget timeline: Annual 

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      MO Gov. Nixon

      Gov. Jeremiah Nixon
      Office of Governor Jeremiah W. (Jay) Nixon
      Missouri Capitol Building
      Room 216
      Jefferson City, MO 65101
      Phone: (573) 751-3222
      Fax: (573) 526-3291
      http://governor.mo.gov/

       

       

      Linda Luebbering, Budget Director
      Division of Budget and Planning
      Room 124, State Capitol, Box 809
      Jefferson City, MO 65102
      Phone (573) 751-2345
      Fax (573) 526-4811
      www.oa.mo.gov/bp/

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Missouri is required to pass a "balanced budget." Article IV, Section 24 of the revised 1974 Constitution requires the governor to submit the estimated available revenues of the State and a complete plan of proposed expenditures. Section 27 allows the governor to reduce expenditures when the actual revenues are less than the revenue estimates. Missouri law forbids the carrying over of a deficit from one year to the next. Despite these requirements, Missouri's Budgetary Comparison Schedules reported deficits (negative net transactions) for two of the three years studied.

       

      Major funds include general, public education, conservation and environmental protection, transportation and law enforcement, and the Missouri road fund. All five of the major funds are budgeted in addition to numerous non-major funds. Since actual and budgeted figures (expenditures and revenues) are relatively in sync, we assume that most funds are budgeted. Information within Budgetary Comparison Schedules is efficiently organized, containing "total" columns for the numerous non-major funds.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

      Show Me Institute


    • Pensions :

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

    • View All Missouri articles
    • K-12 Education :

    • HEADLINES: Missouri

      Governor, lawmakers disagree on emergency $44-mil for K-12 education

      MissouriNet.com | by Mike Lear | February 21, 2014

      Governor Jay Nixon says the budget for the current fiscal year overestimated the revenue available from riverboat gambling, lottery and other revenue that goes to the school foundation formula. That is why he requested $44.1-million in the supplemental budget to make up for the shortfall.

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • View All Missouri articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.