Missouri state budget (2011-2012)
| Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances. |
Missouri faced an estimated $500 million budget deficit for fiscal year 2012.[1] Lawmakers passed a $23.2 billion operating budget for fiscal year 2012 on May 5, 2011.[2] Gov. Nixon signed the budget on June 10, 2011 after cutting $172 million from the budget.[3] A summary of the budget bills from the Office of Administration can be accessed here.
The state's net general revenue collections grew 3.2 percent for fiscal year 2012.[4]
When a mortgage foreclosure settlement between banks and states was announced in February 2012, Attorney General Chris Koster said that he planned to put $40 million of Missouri's mortgage foreclosure settlement money -- about 20 percent of the total $196 million that the state would receive -- into the general state fund.[5][6]
Legislative budget
The legislature approved a $23.2 billion operating budget for fiscal year 2012 on May 5, 2011.[2][7][8]
Initial House and Senate proposals
The Senate approved its state budget proposal, which totaled $23.2 billion, on April 20, 2011.[9][10]
The House approved its $23.2 billion version of the state budget.[11] The plan approved by the House was $700 million less than what the state planned to spend in fiscal year 2011 and $142 million more Gov. Nixon's proposed fiscal year 2012 budget.[12]
Governor's proposed budget
Gov. Nixon proposed a $23.1 billion operating budget on January 19, 2011. The governor's spending proposal broke down as follows:[13]
| Category | Proposed spending for FY2012 | Budgeted spending for FY2011 |
|---|---|---|
| Public debt | $48 million | $77 million |
| K-12 education | $5.36 billion | $5.15 billion |
| Higher education | $1.23 billion | $1.11 billion |
| Revenue | $432 million | $441 million |
| Transportation | $2.63 billion | $2.24 billion |
| Administration office | $287 million | $251 million |
| Employee benefits | $900 million | $821 million |
| Agriculture | $42 million | $49 million |
| Natural resources | $310 million | $310 million |
| Conservation | $146 million | $146 million |
| Economic development | $257 million | $258 million |
| Insurance | $38 million | $40 million |
| Labor | $112 million | $112 million |
| Public safety | $524 million | $542 million |
| Corrections | $660 million | $661 million |
| Mental health | $1.2 billion | $1.24 billion |
| Health, senior services | $921 million | $955 million |
| Social services | $7.66 billion | $8.17 billion |
| Elected officials | $112 million | $107 million |
| Judiciary | $190 million | $190 million |
| Public defender | $38 million | $38 million |
| Legislature | $34 million | $33 million |
| Real estate | $148 million | $150 million |
| Total | $23.27 billion | $23.09 billion |
Footnotes
- ↑ The News-Leader, "State's budget deficit presents difficulties" Jan. 2, 2011
- ↑ 2.0 2.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedforbes - ↑ St. Louis Public Radio, "Nixon signs, and cuts, FY2012 Mo. budget," June 10, 2011
- ↑ The Missouri Budget Project, "Missouri General Revenue Report, FY 2012 Summary," July 31, 2012
- ↑ The Huffington Post, "National Mortgage Settlement: Some States Using Mortgage Deal Funds To Close Budget Gaps," February 10, 2012
- ↑ CBS MoneyWatch, "States diverting foreclosure settlement funds," March 14, 2012
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedcuts - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedbusinessweek - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedsenate - ↑ Businessweek, "Missouri Senate may take up state budget proposals," April 18, 2011
- ↑ OzarksFirst.com, "Missouri House Gives Final Passage To State Budget," March 30, 2011
- ↑ Businessweek, "Mo. budget panel backs Nixon on K-12, universities," March 16, 2011
- ↑ The News Tribune, "A look at Gov. Nixon’s proposed Missouri budget," January 19, 2011
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