Missouri projecting revenues to reach record high next year

By DAVID A. LIEB
Associated Press

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson and legislative leaders have agreed on a budget framework that assumes the state’s revenues will grow to a record amount. The agreement announced Tuesday projects that Missouri will receive a record $11.4 billion of net general revenues in the 2023 fiscal year. That’s a growth rate of 2.1% over the revised forecast for the current 2022 budget, which runs until June 30. Parson is to present a new spending plan for lawmakers to consider when their annual session begins in January. The governor has said he will propose pay raises for state workers.