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Missouri budget surplus remains close to record levels as fiscal year nears end

9 months 3 weeks ago
Missouri will enter the new fiscal year July 1 with a near-record cash surplus as state spending falls short of budgeted amounts and revenues meet expectations. Meeting revenue expectations won’t, however, be enough to trigger an income tax cut dependent on revenue growth, said Jim Moody, a former state budget director. “My view is, best case, they end up probably around the last year’s revenues, which would not trigger it,” said Moody, who is also a retired lobbyist who advised clients…
Rudi Keller