A study by the Pew Charitable Trusts shows that Missouri is in the top ten states when it comes to using cost-benefit analysis of taxpayer money.
Cost-benefit programs analyze the cost of public programs and the benefits they provide taxpayers. In short, it’s the study of how much bang taxpayers are getting for their buck. And it can be a very effective tool when drafting new laws or policy.
Revenue collections in Missouri slowed a bit last month, but continued their overall upward trend.
From July of 2012 through the end of May, the state took in $7.3 billion in revenues, an increase of 10.4 percent from May of 2012. The year-to-date increase from April of this year, though, was 11.2 percent. Missouri Budget Director Linda Luebbering blames it on a drop in sales tax collections.
"People are still a little bit concerned about spending a lot of money, given the economy and the uncertainty at the national level," Luebbering said.
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.”