Missouri

The Missouri state budget is prepared by the Office of Administration's Division of Budget and Planning and submitted annually by the governor to the general assembly for amendment and approval. The fiscal year runs from 1 July to 30 June. Missouri's constitutional revenue and spending limit provides that over time, the growth in state revenues and spending cannot exceed the growth in Missouri personal income.

The fiscal year 2001 budget included total funds of $17 billion. The 1998 tobacco settlement was expected to bring in over $4 billion during the following 25 years, to be spent on health-related issues. General fund revenues were projected at $7.6 billion. Actual receipts in general fund revenue were $7.669 billion in 2000/01, sufficient to comfortably cover general fund expenditures of $7.643. In 2001/02, general fund revenues only increased marginally, to $7.699 billion and in 2002/03, they declined to $7.646 billion, creating widening gaps with expenditures. In 2002/03, Missouri's budget deficit was estimated at 10.7% of the state budget, and for 2003/04, was projected to increase to 13.1% of the state budget.

The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.