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    Missouri state budget (2008-2009)

    From Ballotpedia - Reading time: 3 min
    Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.


    State Information


    Missouri faced an estimated $261 million deficit for the fiscal year ending June 30, 2009, as of January 2009.[1] The state was operating on a $22.4 billion budget for FY 2009 and in January 2009 officials estimated that tax revenues would come in $542 million below budgeted expectations.[2]

    Budget background[edit]

    See also: Missouri state budget and finances

    Missouri's fiscal year begins July 1 and ends June 30 of the following year. In October state department agencies prepare budget requests and revenue estimates for the upcoming budget year. By the end of December, the governor reviews both the requests and the revenue estimates prior to presenting a budget recommendation to the legislature. Both the House and the Senate review the bill, hold a series of hearings and make any necessary amendments prior to approving the budget. The Senate usually finishes its work on the budget about three weeks before the legislature adjourns at the end of April. All appropriations bills must be passed by the General Assembly one week before the session ends. The appropriations are then forwarded to the governor, who has line-item veto power and can reduce or eliminate any amount of funding for any item in a bill before signing it into law.[3]

    • FY 2008 ended with general revenue collections growth of 3.7 percent above the revised consensus revenue estimate of 3.1 percent.[4]

    Budget figures[edit]

    The following table provides a history of Missouri's expenditures and gross domestic product (GDP).

    Fiscal year Expenditures (billions) GDP (billions)
    2000 $28.0[5] $176.7[5]
    2001 $30.5[5] $182.4[5]
    2002 $33.0[5] $188.4[5]
    2003 $34.3[5] $195.5[5]
    2004 $35.6[5] $204.9[5]
    2005 $37.2[5] $213.0[5]
    2006 $39.5[5] $220.1[5]
    2007 $41.9[5] $229.5[5]
    2008 $44.5[5] $239.2[5]
    2009 $47.3*[5] $249.4*[5]
    • NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.


    See also[edit]


    Footnotes[edit]

    1. ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
    2. ↑ Associated Press, "Projected Missouri budget shortfall smaller than expected," January 22, 2009
    3. ↑ St. Louis Childrens, "Missouri Budget Process," accessed March 17,2009
    4. ↑ Division of Budget & Planning, "Summary of budget highlights and major changes to instructions," July 14,2008
    5. ↑ 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 US Government Spending, "Missouri State and Local spending," accessed March 16,2009
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    Licensed under CC BY-SA 3.0 | Original source: https://ballotpedia.org/Missouri_state_budget_(2008-2009)
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