Originally published on Thu February 6, 2014 5:38 pm
Republican leaders in the Missouri House have scrapped the budget being proposed by Gov. Jay Nixon, a Democrat. Instead they will use last year's budget bills as a starting point for crafting their fiscal year 2015 spending plan.
House Budget Chair Rick Stream, R-Kirkwood, says their budget bills contain none of the governor's spending proposals for the fiscal year (FY2015) that begins July 1.
Missouri budget officials say the state's tax revenues have increased 2.2 percent through the first five months of the current fiscal year.
The state's Office of Administration on Tuesday released collection figures for the period from July 1 through the end of November.
The report says Missouri collected $2.19 billion in individual income taxes through November, up 2.6 percent from the $2.13 billion collected in the same period last year. Sales and use tax collections are up 2.9 percent this year.
Corporate income taxes are up about 32 percent for the year.
Missouri senators are considering a roughly $25 billion budget plan that may be most notable for what it doesn't contain.
Senate debate on the budget is scheduled to begin late Monday, with some of the most agreeable items up first. Those include a $66 million increase in basic aid for public schools and a $34 million increase for public colleges and universities.
The Columbia City Council passed its budget for the 2013 fiscal year Monday night. Columbia City Manager Mike Matthes says one of the main focuses this year was to try to relieve the general fund by closing the gap between revenues and expenses by a million dollars.