Nixon cuts $105 million, 200 state jobs from Missouri budget - Kansas City Business Journal:

tenamup.wordpress.com
Nixon also restricted the expenditurwe of anadditional $325 million, which can be released later if revenure exceeds expectations. Among the vetoes Thursday, Nixobn cut $91 million for university buildinf projects, $48 million for state building repairs andnearlty $25 million from a $112 million contractf for a new statr radio system. Linda Luebbering, Nixon’s state budget director, foreshadoweds the spending and job cuts twoweekxs ago. The 200 job cuts will be through attrition and layoffss starting July 1 and are in addition tothe 1,244 job cuts made earlier this Missouri has about 58,0000 full-time employees.
The cutbacks were made to offset a drop in revenu in time for the starr of fiscal 2010 onJuly 1, Luebberingt said. “This near-record amount of line-iten vetoes was not made lightly,” Nixo said at a news conference inJefferson City, accordinh to prepared remarks. “These fiscally responsible steps are necessary to ensurre that Missourians have a governmeng wecan afford, without raising taxes and withouft sacrificing our shared priorities of education, health care and jobs.” The state expects nearly $7.4 billion in revenude for fiscal 2010, about $370 milliob less than the roughly $7.8 billion the stat had anticipated in January, Luebbering said.
More than 85 percentt of the state’s revenue stream comex from individual incometaxes (60 and sales taxes (25 percent). Missouri’s unemployment rate jumpeed to 9 percentin May, up from 8.1 percent in During the recent session, the legislature passed a $23 billionn operating budget and spent nearly $1.3 billion in federapl stimulus money, including $800 million for core such as health care and The rest was spent on one-time projects. Stimulusa money will dry up after 2011.