Tagged: Missouri state spending

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.

A proposed constitutional amendment that would cap the size of the state’s budget has passed a Missouri House committee.

The measure would prevent lawmakers from increasing state spending more than the rate of inflation. They would also have to take population growth into account when writing the state budget.  It’s sponsored by State Representative Eric Burlison (R, Springfield).