- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- 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
- 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)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
Missouri government could be short another $100 million
JEFFERSON CITY, Mo. (AP) -- Missouri government could face a shortfall of more than $100 million because of slumping tax revenues partly blamed on the Sept. 11 terrorist attacks, the state budget chief said Friday.
State income tax withholdings, while still growing compared to last year, are about 25 percent lower than projections; state sales tax collections also are slightly below forecasts, said Brian Long, the budget director for Gov. Bob Holden.
"I foresee difficult times ahead for the Missouri budget," Long told reporters at the Capitol.
The revenue figures are based on tax collections through Oct. 31 and provide the first short-term glimpse of the state's fiscal condition after the attacks.
Missouri's budget was in trouble even before Sept. 11. Citing a slowing economy, Holden vetoed about $36 million from the state's $19.2 billion budget before it ever took effect.
Since the July 1 start of the state fiscal year, Holden has withheld another $323 million that had been budgeted for state agencies.
Any additional budget cuts probably won't be made until after the annual mid-year budget analysis that occurs in December, Long said.