- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)36
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- 2016 All-Missourian Boys Basketball (04/29/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
Missouri uses $100M from budget reserve fund
JEFFERSON CITY, Mo. -- Missouri is tapping a state budget reserve fund for cash flow purposes.
The state Office of Administration said Tuesday that $100 million was borrowed from the reserve fund in March.
It's the third time money has been used from the reserve in the budget year that began last July. The state used $75 million from the reserve in December and $150 million in February. All $325 million borrowed from the fund is to be repaid by May 15.
Officials also said Tuesday that state revenue through the first nine months of the budget year has grown 2.5 percent over last year. That is slightly behind the 2.7 percent growth rate on which the budget is based, but close enough that officials don't expect additional cuts will be needed this year.