Gov. Jay Nixon is defending his plan to issue $198 million of bonds for a new maximum and intermediate security facility at the Fulton State Hospital.
The governor wants to pay off the bonds through annual legislative appropriations. He is proposing to set aside $14 million this year and an additional $14 million in the 2015 budget for the initial bond payments. Nixon touted the plan Thursday at City Hall in Fulton.
Missouri lawmakers responsible for the budget have an agreement on a revenue estimate for next year but say Gov. Jay Nixon did not sign off on it.
Legislative budget leaders and the governor typically reach a revenue estimate that is the foundation for the budget. Agreeing how much money is available lets officials focus on how to spend that money.