Wednesday, July 16, 2008

Blunt Touts Budget Surplus

Gov. Matt Blunt is boasting about Missouri's $833 million dollar surplus at the end of the 2008 fiscal year.

"While 29 other states are struggling with budget deficits and shortfalls, Missouri remains strong under the leadership of Gov. Matt Blunt with our state reporting both revenue growth and new savings," reads a release from Blunt's office.

"While other states are struggling with budgets that cannot keep pace with spending, our responsible budgeting decisions and solid financial planning are ensuring that Missouri is on solid financial ground,” Gov. Blunt said.

Among the Blunt stats being touted Wednesday:
  • General revenue collections grew by 3.7% over last year
  • Projected ending balance next year: $340 Million
  • Gov't agencies spent about $288 Million less than appropriated
  • According to a June National Association of State Budget Officers survey, Missouri is one of only 15 states currently projecting higher revenues than estimated for Fiscal Year '08

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