budget

Fulton proposes 2015 budget

Oct 30, 2014
Adams Building in Fulton
KBIA

The 2015 budget for Fulton, Missouri was proposed where it had its first reading at Tuesday night's city council meeting.  The budget will have to be read two more times before it can be passed. 

The budget includes the city's plan to go into debt in 2015. 

Bill Johnson, the Director of Administration said while there are multiple improvement projects, two projects in particular will be primarily responsible for leading the city into debt.

Columbia Daily Tribune

Sales tax. Not a great opening line for journalists trying to educate people about how a city functions. The moment sales tax is mentioned eyes glaze over, something else suddenly becomes important, and we all casually scroll through twitter on our phones.

But sales tax is actually a really fascinating topic, especially right now in our city and country’s history. To learn why, we have to go back…way back, to 1970.

KBIA

  Last Friday, MU Chancellor R. Bowen Loftin announced a new voluntary separation program that will serve as an incentive for retirement for MU's tenured faculty members.

Faculty members who decide to participate in the program will receive a one-time payment of one and a half times their base salary. This payment cannot exceed $200,000.

school buses
Twix / Flickr

  Education officials are notifying Missouri community colleges that the state might reduce reimbursements for the A+ scholarship program.

The A+ program gives high school graduates who meet certain criteria reimbursements for two years of classes at a community college in the state.

Jane Piester, A+ Coordinator for Rock Bridge High School, said although there is currently a shortage of funding, she does not think the program is in danger long term.

jay nixon
File Photo / KBIA

  Missouri Auditor Tom Schweich is accusing Gov. Jay Nixon of violating the state constitution by making budget cuts in 2012.

missouri capitol
Jacob Fenston / KBIA

  The Missouri Senate passed the rest of the state budget Tuesday April 29, after taking care of the first 5 bills on Monday.  Democrat Paul LeVota of Independence made an indirect attempt to expand Medicaid. He offered an amendment to create a line item in the Department of Social Services’ budget for extra Medicaid dollars to be drawn down if lawmakers ever decide to expand Medicaid.  Republican Kurt Schaefer of Columbia opposed the amendment.

File / KBIA

Missouri lawmakers are debating an expansion of a college scholarship for top students that is designed to keep more of them in the state after graduation.

fbi
cliff1066 / Flickr

  Federal investigators are looking into questions about a northwest Missouri school district's finances.

missouri house floor
File photo / KBIA

The Missouri House has passed a $26.6 billion state budget that ties the amount of an increase in funding for public schools to increases in state revenue.

File / KBIA

Missouri lawmakers are putting more money into the budget to try to speed up the results of newborn blood screenings.

House budget writers have passed Missouri's state budget for Fiscal Year 2015, which begins July 1.

The roughly $28 billion spending plan still includes a funding increase for the state's K-12 schools, which would be around $122 million if projections by House and Senate Republican leaders turn out to be correct.  If Gov. Jay Nixon's rosier revenue picture turns out to be correct, then K-12 spending would increase by $278 million.

Missouri Capitol
File / KBIA

Missouri House budget writers are expected to complete work this week on a spending plan for the fiscal year that starts in July.

missouri house floor
File photo / KBIA

A Missouri House committee has endorsed a proposed constitutional amendment aimed at giving lawmakers a check on the governor's budget power.

missouri house floor
File photo / KBIA

A Missouri House committee is considering legislation aimed at curbing the governor's budget power.

missouri capitol
Ryan Famuliner / KBIA

Missouri lawmakers could have to cut about $370 million from Governor Jay Nixon's budget if they don't want to go along with his financial assumptions.

File Photo / KBIA

Missouri lawmakers are considering changes to the governor's authority over the state budget.

The discussion comes after budget disputes in recent years. Most recently, Gov. Jay Nixon froze $400 million in the current year's spending plan, while citing concerns lawmakers would override his veto of a tax cut.

jay nixon
File Photo / KBIA

Missouri Gov. Jay Nixon says the budget he proposes next month will include a bond issuance to rebuild the Fulton State Hospital.

Democratic Governor Jay Nixon has released just over half of the 400 million dollars he withheld earlier this year from Missouri’s current state budget.  215-million dollars will be divvied up among K-through-12 schools, higher education, mental health programs and specific programs for training health care professional in southwest Missouri.  Nixon released the money Thursday after Republican lawmakers on Wednesday failed to override his veto of a controversial tax cut bill.

Regional news coverage from the KBIA Newsroom, including:

  • Proposed FY 2014 city budget focuses on safety
  • Health care advocates welcome state regulations for ACA marketplace navigators
  • Mo. House Interim Committee On Downsizing State Govt. Submits Findings To Speaker
Mike Matthes
KBIA

Columbia City Manager Mike Matthes introduced his fiscal year 2014 budget recommendations on Friday.

missouri capitol
Jacob Fenston / KBIA

Gov. Jay Nixon has continued to make budget cuts based on concerns that the Legislature might do something that could reduce future tax revenues.

Nixon's recent announcement of $400 million of spending restrictions is the latest example of how he has tested the constitutional boundaries of a governor's authority to control the budget.

Nixon says he has clear legal authority, but Republican legislative leaders contend he does not.

missouri capitol
Jacob Fenston / KBIA

A new report shows Missouri collected more revenue than expected in the budget year that ended June 30.

Kristofor Husted / KBIA

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.

Jay Nixon
File Photo / KBIA

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.

Andrew Magill / Flickr

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.

Columbia City Hall
KBIA file photo

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.   

Budgeters in Cole County face budget gap

Nov 1, 2012
selbstfotografiert / Wikimedia Common

An underestimate of salaries from Cole County’s Emergency Medical Services department has a left a 72-thousand dollar gap in the budget, forcing the county to dig into its reserves.

Jesse Hall and the Mizzou columns
Darren Hellwege / KBIA

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

Janet Saidi / KBIA

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.

missouri capitol
Jacob Fenston / KBIA

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.

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