A proposal has been scrapped by Governor Jay Nixon (D) to borrow money from Missouri’s state universities to help balance the state’s budget.
The idea was floated last month, in which $106 million in reserve funds from five of Missouri’s largest universities would be used to shore up the Department of Higher Education’s budget for the next fiscal year, which begins in July. That sparked an outcry from both university officials and lawmakers.
A political observer says Republicans in Missouri may have already blown their chances to win state-level statewide offices next year.
The Secretary of State’s race is the only one with any major GOP contenders (State Senators Scott Rupp and Bill Stouffer, and House Speaker Pro-tem Shane Schoeller), following Steven Tilley’s departure from the Lt. Governor’s race. Current Lt. Governor Peter Kinder (R) still hasn’t announced whether he’s running for governor.