A peek at a worsening financial situation that Republicans can't blame on anybody but themselves given decades of SUPER-MAJORITY status . . .
Missouri State Auditor Scott Fitzpatrick is urging Governor Mike Kehoe to take steps to proactively balance the budget now, "before more painful cuts are needed in the future."
Auditor Fitzpatrick warned lawmakers before the 2026 legislative session that Missouri was on an unsustainable spending path. A new report from his office says that after this warning, lawmakers approved an increase in General Revenue spending – putting the state on track for a more than $1.7 billion deficit in fiscal year (FY) 2027.
The report projects Missouri's General Revenue Fund balance will shrink from a peak of about $5.8 billion in 2023 to roughly $600 million by the end of FY 2027, with reserves expected to run out entirely early in FY 2028.
Read more via www.TonysKansasCity.com link . . .
State auditor says Missouri could face $1.7B deficit if governor doesn't balance budget
Comments
Post a Comment
TKC COMMENT POLICY:
Be percipient, be nice. Don't be a spammer. BE WELL!!!
- The Management