A Missouri Senate panel is preparing to begin drafting its plan for the roughly $25 billion state operating budget.
The Senate Appropriations Committee has scheduled hearings throughout the week to begin work on the budget for the fiscal year that begins July 1. The panel is also scheduled to consider the budget for the state Revenue Department, despite recent tensions between the department and Republican senators over new driver's license procedures.
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.