budget

UM Curators approve 2014 budget, announce plans for Deaton institute

Kristofor Husted — Fri, 14 Jun 2013 22:13:42 +0000

The University of Missouri System Board of Curators approved its 2014 budget Friday. UM System President Tim Wolfe says the budget identifies strategic areas for funding to help strengthen the university brand.

Nixon denounces partial funding of license agency

Marshall Griffin — Wed, 08 May 2013 21:20:49 +0000

Democratic Governor Jay Nixon on Wednesday warned Republican lawmakers that he’ll lay off state workers if full funding isn’t restored to the budget for the Missouri Department of Revenue’s Motor Vehicles division.

Mo. finances to take hit from higher federal tax

Associated Press — Wed, 09 Jan 2013 22:33:28 +0000

Missouri's finances could take a $60 million annual hit because of a recent 2 percentage point increase in federal Social Security payroll taxes.

State budget director Linda Luebbering says the lost revenues resulting from the federal Social Security tax already had been taken into consideration for budget projections. She says the reduced revenue should not come as a surprise to state officials.

The Social Security tax reverted to 6.2 percent this month after the expiration of a 2 percentage point cut that had been in place for a couple of years.

Possible budget cuts could affect public schools

Sapna Khatri — Thu, 06 Dec 2012 23:24:19 +0000

The Missouri National Education Association is warning of the fallout for public schools if congress does not act to avoid the so called fiscal cliff.

MU Extension applies new strategies to better focus programs

Brynne Whittaker — Thu, 13 Sep 2012 22:38:09 +0000

MU Extension is implementing a new staffing model and budget structure that would give programs a more geographic focus.

City Manager presents 2013 budget proposal

Rehman Tungekar — Wed, 25 Jul 2012 00:23:34 +0000

Columbia City Manager Mike Matthes is asking council members to consider his recommended budget for the 2013 fiscal year. He says the proposal comes closer to balancing the city’s budget gap by 2014.

Mo. expects to save $44M through debt refinancing

Associated Press — Thu, 05 Jul 2012 13:59:42 +0000

Missouri expects to save about $44 million this year by refinancing some of its debt at lower interest rates.

Two separate boards of state officials gave preliminary authorization this week to the bond refinancing.

That action had been anticipated for some time. Gov. Jay Nixon had proposed to refinance more than $500 million of bonds as part of the budget plan he outlined in January. Lawmakers also had calculated the savings into the budget for the 2013 fiscal year that began this past Sunday.

Kirksville R-3 approves budget

Krystal Slusher — Wed, 04 Jul 2012 22:15:08 +0000

The Kirksville R-3 School board has approved its budget for the next school year. The district expects to see a reduction in state and federal funding by almost $800,000.

Despite the cut in federal funding, the district doesn’t expected to make any drastic cuts. Superintendent Pat Williams says the district had actually expected the subsidy reduction and had already started taking steps to provide cushion for the next school year.

Mo. ends fiscal year with higher than expected revenues

Associated Press — Tue, 03 Jul 2012 22:13:57 +0000

Missouri closed out its 2012 fiscal year with slightly better than expected revenues. But that doesn't necessarily translate to a budget surplus.

Newscast for May 10, 2012

Scott Kanowsky — Thu, 10 May 2012 13:27:02 +0000

Regional news coverage from the KBIA News room, including: