Missouri projecting revenues to reach record high next year


JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson and legislative leaders have agreed on a budget framework that assumes the state’s revenues will grow to a record amount.

The agreement announced Tuesday projects that Missouri will receive a record $11.4 billion of net general revenues in the 2023 fiscal year.

That’s a growth rate of 2.1% over the revised forecast for the current 2022 budget, which runs until June 30.

Parson is to present a new spending plan for lawmakers to consider when their annual session begins in January. The governor has said he will propose pay raises for state workers.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2022 The Associated Press. All rights reserved.


Latest News

More News