Gov. Jay Nixon (D) today announced $204 million in budget cuts and termination of nearly 700 state jobs.
The cuts largely target Medicaid payments to health care providers and arts subsidies (see a partial list of cuts after the jump).
"These restrictions have become necessary due to declining state revenues caused by the ongoing national economic downturn," Nixon said today, according to the AP.
Tax receipts are down 10 percent from one year ago. In Sept. alone receipts dove by 16 percent.
Nixon's cuts now total 2.7 percent of the $24 billion FY2010 budget approved by lawmakers earlier this year.
Cuts announced by Nixon on 10/27/2009
$(M) Program
32.4 Medicaid
29.3 wireless radio network
20.0 state personnel costs
20.0 state building O&M
15.8 school transportation
13.0 Life Sciences research Trust Fund
11.1 State Retirement Reserve fund
Wednesday, October 28, 2009
Nixon slashes $204 million more from state budget
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