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Gov. Nixon announces FY 2016 Consensus Revenue Estimate

By: Jay Nixon
By: Jay Nixon
Date: Dec. 18, 2014
Location: Jefferson City, MO
Issues: Government Budget and Spending

Gov. Jay Nixon today announced the state's Consensus Revenue Estimate (CRE) for Fiscal Year (FY) 2016.

"I thank Senator Schaefer and Representative Flanigan for their work to make this agreement possible," said Gov. Nixon. "By continuing to work together, we will keep Missouri's budget in balance and our spotless AAA credit rating intact."

The key figure in today's CRE is the projected general revenue collection for FY 2016, which begins July 1, 2015. Net general revenue collections in FY 2016 are expected to be $8.673 billion. This figure represents growth of 3.6 percent over the revised estimate for the current fiscal year (FY 2015). The revised estimate for the current operating year is $8.372 billion, reflecting a downward adjustment from the dollar amounts on which both the Governor and the General Assembly based the FY 2015 budget.


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