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.
A group of baseball players is battling triple-digit heat in an effort to set the world record for the longest game ever played. The 52 players will try to compete for 60 hours. The game started at 7:00 Monday morning and is scheduled to end at 7:00 Thursday night.
Money raised will benefit Backstoppers, which supports the families of fallen first responders in the St. Louis area. Organizer and player Steve Pona says they thought about postponing the game due to the extreme weather
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.