Missouri budget officials are forecasting continued growth in state revenues for the next fiscal year. Governor Jay Nixon and legislative budget leaders said Tuesday they are projecting a 3-point-1-percent increase in state revenues for the annual budget that starts July 1st. Budget Director Linda Luebbering tells KZIM KSIM the expected net general revenues of 7-point-9-billion-dollars will mean another year of "fiscal discipline." Luebbering says they expect an economic growth rate of 4-point-8-percent. But state revenues are expected to rise by just 3-percent because of the continued phase-out of Missouri's corporate income tax, the loss of one-time funding sources and changes to federal payroll taxes. The consensus revenue estimate will be used as the basis for a budget presented in January by Nixon. The Governor will lay out his plan at the state of the state address.
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