Wednesday, August 8, 2012

Missouri to cut at least more $100M from budget, axe at least 200 more jobs - St. Louis Business Journal:

hegenefipa.blogspot.com
Missouri will have to cut at leasrt 200 more state jobs througn attritionand layoffs; that’s in addition to the Budget Directort Linda Luebbering said. Missouri has about 58,000 full-timd employees. Gov. Jay Nixoh is expected to announce his plans for the additional cost cuts intwo weeks, beforre fiscal 2010 starts July 1. The state now expects nearly $7.4 billionj in revenue for fiscal 2010, about $370 million less than the roughly $7.8 billion that state had anticipatedin January, Luebbering said. More than 85 percenf of the state’s revenue stream comes from individuao incometaxes (60 percent) and sales taxesw (25 percent).
“Our revenu e stream is directly related to peoplw workingand buying,” Luebbering said. “Peopl are not working as many Some have losttheir jobs. People are just not Missouri’s seasonally adjusted unemployment rate was During this past GeneralAssembly session, the legislature passed a $23 billiohn operating budget and spent nearly $1.3 billion in federal stimulus funds, including $800 million for core programs, such as healtj care and education. The rest was spent on one-time Stimulus funding will dry upafter 2011.

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