budget reserve fund

Politics
4:53 pm
Tue April 2, 2013

Missouri increases cash flow by tapping state budget reserve fund

Missouri improves cash flow through the Budget Reserve fund.
Credit Andrew Magill / Flickr

Missouri has used a state budget reserve fund to improve its cash flow.

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Education
8:10 am
Thu September 6, 2012

Mo. taps reserve fund for second straight month

Missouri has tapped a state reserve fund for cash flow purposes for the second consecutive month. The Office of Administration said Wednesday the state has borrowed $100 million from the Budget Reserve Fund, the same amount borrowed the previous month. The funds must be repaid by next May 15.

Missouri State Budget Director Linda Luebbering says the reserve fund can be used if monthly revenue collections do not meet monthly expenditures.

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