Missouri Senate Appropriations Chairman Rob Mayer (R-Dexter) spoke to the RCGA Public Policy Council on January 8th about the status of the Missouri budget and the outlook for the next fiscal year.
Sen. Mayer discussed the new Consensus Revenue Estimate (CRE) for FY2011 and the adjusted CRE for FY2010. The State expects modest growth in FY2011 with a CRE of $7.22 billion, which is a small increase from the $6.97 billion CRE for FY2010 but still $780 million short of actual collections in FY2008. Sen. Mayer cautioned that changes in federal law, especially regarding health care, could further strain the budget in FY 2011.
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