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Springfield, MO

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Officials predict MO general revenue at $7.3B in fiscal '12

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Gov. Jay Nixon, Senate Appropriations Chairman Rob Mayer and House Budget Chairman Ryan Silvey on Dec. 22 laid out the state's Consensus Revenue Estimate for fiscal 2012, which begins July 1.

The annual CRE, a bipartisan figure projected by state budget experts and outside consultants, has predicted that net general revenue collections for fiscal 2012 will be $7.295 billion. The figure represents moderate growth from fiscal 2011 but is about $700 million below actual collections in fiscal 2008, according to a news release from the governor's office.

"By continuing to work together in a bipartisan fashion, we will ensure Missouri's budget remains balanced and makes the right investments to preserve vital services for our citizens and move our economy forward," Nixon said in the release.

Silvey said the projected CRE doesn't necessarily represent an easy fiscal year.

"Even with a positive CRE for the 2012 budget, the state still faces financial challenges to meet our constitutional responsibility of a balanced budget," he said in the release.[[In-content Ad]]

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