Issue: 1193 Date: 7/3/2013
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Nixon Freezes $400 Million From State Budget
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Gov. Jay Nixon has frozen $400 million from the state budget that takes effect July 1.
Citing concerns that lawmakers will override his veto of an income tax bill, Gov. Jay Nixon announced today that he's frozen more than $400 million in spending from the state's budget for next year.
Nixon made the announcement while signing the $25 billion spending plan, which takes effect on Monday. The cuts are in education, capital improvements, and other state services.
Earlier this month, Nixon vetoed a Republican plan that phased in a deduction in the business income tax over five years. The measure also reduced the income tax rate for individuals and corporations over the next decade.
