Tagged: Linda Luebbering

If officials in Washington don't reach a deal to avert the "fiscal cliff," Missouri could see a hit to its economy and budget.

The Federal Funds Information for States estimates Missouri could lose $1 billion of Defense Department spending on contracts and military institutions if federal spending cuts take effect in the new year. The Washington-based organization estimates those automatic cuts also could result in a $125 million reduction in federal grants to state programs, such as public schools and early childhood programs.

Governor Jay Nixon (D) has decided to let state employees take the day after Thanksgiving off work this year.

The state’s latest general revenue report show that Missouri collected 7.5 percent more money last month than it did in October of last year, and State Budget Director Linda Luebbering says that’s part of the reason why state workers will get to stay home on November 23rd.