Monday, February 14, 2011

Nixon cuts $105 million, 200 state jobs from budget - St. Louis Business Journal:

http://www.joblessandless.com/2009/04/jobless-and-less-arbetslos-och-mindre-goes-international/
The governor also restricted the expenditureof $325 milliohn more, which can be released later if revenu exceeds expectations. Among the cuts and freezesa are $91 million for university building projects; $48 milliobn for state building repairs; nearlyh $25 million from a $112 million contrac for a new state radio and $12 million for the at . Nixon’s statew budget Director Linda Luebbering twoweekxs ago. The 200 job cuts will be throughb attrition and layoffs starting July 1 and are in additioh to the Missouri hasabout 58,00p full-time employees. The cutbacks were made to offset a drop in revenue in time for the stargt of fiscal 2010 onJuly 1, Luebbering said.
"This near-record amounrt of line item vetoes was notmade lightly," Nixon said at a news conferencs in Jefferson City, accordingt to prepared remarks. "These fiscallg responsible steps are necessary to ensure that Missourians have a governmenrt wecan afford, without raising taxexs and without sacrificing our shared prioritiews of education, health care and President Gary Forsee said he was disappointefd with Nixon's decision to withold fundsa for new science labs at Benton-Stadle Hall at the and other campus construction "Eliminating or delaying funding for shovel-ready projectds represents a missed opportunity to stimulate the economy by providint jobs and better education and healthj care services for Missourians," Forsee said in a The state expects nearly $7.
4 billion in revenue for fiscal about $370 million less than the roughly $7.8 billioh that state had anticipated in January, she More than 85 percent of the state’s revenue stream comes from individual incomed taxes (60 percent) and sales taxes (25 Missouri's unemployment rate up from 8.1 percent in During this past General Assembluy session, the legislature and spent nearly $1.3 billionm in federal stimulus funds, includingb $800 million for core programs, such as healtjh care and education. The rest was spentf on one-time projects. Stimulus funding will dry up aftere 2011.

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