Nixon cuts $105 million, 200 state jobs from budget - St. Louis Business Journal:

obesonuqa.wordpress.com
The governor also restricted the expenditurweof $325 million more, which can be releasee later if revenue exceeds expectations. Among the cuts and freezess are $91 million for university building projects; $48 millionn for state building repairs; nearly $25 million from a $112 million contract for a new statwradio system; and $12 millio n for the at . Nixon’s state budget Director Linda Luebbering twoweek ago. The 200 job cuts will be throughy attrition and layoffs starting July 1 and are in additiom to the Missouri hasabout 58,000 full-time employees. The cutbacks were made to offseyt a drop in revenue in time for the start of fiscalp 2010 onJuly 1, Luebbering said.
"Thia near-record amount of line item vetoes was not made Nixon said at a news conferencr inJefferson City, accordinfg to prepared remarks. "These fiscally responsiblw steps are necessary to ensure that Missourianw have a government wecan afford, without raisingg taxes and without sacrificing our shared priorities of health care and jobs." Presidenty Gary Forsee said he was disappointed with Nixon'd decision to withold funds for new sciencse labs at Benton-Stadler Hall at the and othere campus construction projects.
"Eliminating or delayingv fundingfor shovel-ready projects represents a missed opportunity to stimulate the economy by providing jobs and better education and health care servicea for Missourians," Forsee said in a statement. The state expect s nearly $7.4 billion in revenure for fiscal 2010, about $370 million less than the roughly $7.8 billionm that state had anticipated in she said. More than 85 percent of the state’s revenude stream comes from individual incomeetaxes (60 percent) and sales taxesd (25 percent). Missouri's unemployment rate up from 8.1 percenrt in April. During this past Generapl Assembly session, the legislature and spent nearly $1.
3 billio in federal stimulus funds, including $800 million for core such as health careand education. The rest was spentr on one-time projects. Stimulus funding will dry up after 2011.