President Obama will speak to the nation with the annual State of the Union address Tuesday night. Columbia citizens voiced their expectations for the address, commenting on Obama’s previous term and what expectations they had for the next four years. Some were hopeful, while others were more disgruntled.
Governor Jay Nixon today signed an executive order to close state offices on Black Friday, Nov. 23, in part because state revenues have increased. State Budget Director Linda Luebbering said the state’s revenue collections are up by 7.5 percent compared with last year.
“We’re beginning to see the improving economy’s impact on our revenue collections," Luebbering said. "It’s always a lag as the economy improves – takes a little while for that to start showing up in our revenue collections."
According to the latest jobs report from the state [pdf], the number of jobs created in Missouri is going up, and the unemployment rate is at its lowest in nearly four years. Some of the greatest growth was in the construction industry.
Missouri’s revenues rose more than expected during the month of May.
The state collected about $6.6 billion in revenue last month, compared to just under $6.4 billion in May of 2011. Governor Jay Nixon’s Budget Director, Linda Luebbering, credits most of the improvement to higher collections of state income and sales taxes.
“That's the good news, things are picking up," Luebbering said. "I think we do have to be cautious, still, because of what’s going on at the national and particularly the international picture, with European Union issues and everything that's going on globally that could have some bearing on the overall economy.”